Poongsan Corporation develops, manufactures, markets, exports, and sells fabricated nonferrous metal, defense, and precision forging products in South Korea and internationally. It offers copper and copper alloy sheets, strips, and rods, as well as thin plates, bimetals, and coin blanks; leadframe materials; titanium tubes; stainless steel strips; and copper-based roofing materials. The company's copper and copper alloy sheets and strips are used for interior and exterior applications in commercial and residential real estate, construction, machinery, automobiles, electrical and electronics, semiconductors, telecommunication, and electronic parts industries. It also provides military ammunitions, including small arms, anti-aircraft guns, mortars, howitzers, tank guns, recoilless guns, naval guns, and mid-to large-size weaponries; commercial ammunitions, such as precision made cartridges for recreational hunting and competitive shooting; and semi-finished products and components used in the production of ammunitions, such as primers, fuses, bullet jacket cups, case cups, discs, cones, rotating bands, links, tungsten penetrators, and shell bodies, as well as fuses for use in naval ammunitions, mortar shells, and multiple launch rocket systems. In addition, the company produces chemicals, such as nitrocellulose and nitroglycerine for use in propellants; and precision products, including connector parts for electric and electronic industries, multi-guage copper strips, precision dies, gauges and tools, and metal machinery and facilities. Further, it builds metal processing machineries and other customized equipment for the steel, automobile, and defense industries; and specializes in rolling related products, such as annealing, pickling, degreasing, buffing, tin plating, and slitting machineries, as well as scalping lines and rolling oil coolant systems. Poongsan Corporation was founded in 1968 and is headquartered in Seoul, South Korea.
Poongsan Dividend Announcement
• Poongsan announced a annually dividend of ₩1200.00 per ordinary share which will be made payable on 2024-04-08. Ex dividend date: 2023-12-27
• Poongsan annual dividend for 2023 was ₩1200.00
• Poongsan's trailing twelve-month (TTM) dividend yield is 2.26%
• Poongsan's payout ratio for the trailing twelve months (TTM) is 14.10%
• Poongsan's dividend growth over the last five years (2018-2023) was 14.87% year
• Poongsan's dividend growth over the last ten years (2013-2023) was 10.31% year
Poongsan Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-27 | ₩1200.00 | annually | 2024-04-08 |
2022-12-28 | ₩1000.00 | annually | 2023-04-06 |
2021-12-29 | ₩1000.00 | annually | 2022-04-07 |
2020-12-29 | ₩600.00 | annually | 2021-04-07 |
2019-12-27 | ₩400.00 | annually | 2020-04-10 |
2018-12-27 | ₩600.00 | annually | 2019-04-05 |
2017-12-27 | ₩800.00 | annually | 2018-04-01 |
2016-12-28 | ₩700.00 | annually | |
2015-12-29 | ₩500.00 | annually | |
2014-12-29 | ₩600.00 | annually | |
2013-12-27 | ₩450.00 | annually | |
2012-12-27 | ₩450.00 | annually |
Poongsan Dividend per year
Poongsan Dividend growth
Poongsan Dividend Yield
Poongsan current trailing twelve-month (TTM) dividend yield is 2.26%. Interested in purchasing Poongsan stock? Use our calculator to estimate your expected dividend yield:
Poongsan Financial Ratios
Poongsan Dividend FAQ
Other factors to consider when evaluating Poongsan as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Poongsan's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Poongsan publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Poongsan distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Poongsan are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Poongsan sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Poongsan distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Poongsan declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Poongsan's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Poongsan's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.