Prinx Chengshan Holdings Limited, an investment holding company, together with its subsidiaries, designs, manufactures, trades in, and distributes tires in the People's Republic of China, Thailand, rest of Asia, the Americas, Africa, the Middle East, and internationally. The company offers steel radial, semi-steel radial, and bias tires used in light and pick-up trucks, buses, mixed road or off-road vehicles, passenger vehicles, sport utility vehicles, and agricultural and industrial off-road vehicles under the Prinx, ChengShan, Austone, and Fortune brand names. It also engages in the research and development of tire technology and equipment, as well as provision of related technical services; trading of inflatable and related products; and provides tire rentals. The company was formerly known as Prinx Chengshan (Cayman) Holding Limited and changed its name to Prinx Chengshan Holdings Limited in June 2021. The company was founded in 1976 and headquartered in Rongcheng, the People's Republic of China. Prinx Chengshan Holdings Limited is a subsidiary of Chengshan Group Co., Ltd.
Prinx Chengshan Dividend Announcement
• Prinx Chengshan announced a semi annually dividend of HK$0.15 per ordinary share which will be made payable on 2024-10-23. Ex dividend date: 2024-09-23
• Prinx Chengshan annual dividend for 2024 was HK$0.45
• Prinx Chengshan annual dividend for 2023 was HK$0.20
• Prinx Chengshan's trailing twelve-month (TTM) dividend yield is 6.71%
• Prinx Chengshan's payout ratio for the trailing twelve months (TTM) is 11.08%
Prinx Chengshan Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-23 | HK$0.15 | semi annually | 2024-10-23 |
2024-06-04 | HK$0.30 | semi annually | 2024-06-17 |
2023-05-24 | HK$0.20 | semi annually | 2023-06-12 |
2022-06-20 | HK$0.20 | semi annually | 2022-07-27 |
2021-05-20 | HK$0.20 | semi annually | 2021-06-09 |
2020-05-12 | HK$0.20 | semi annually | 2020-06-24 |
2019-04-02 | HK$0.24 | semi annually | 2019-05-17 |
Prinx Chengshan Dividend per year
Prinx Chengshan Dividend growth
Prinx Chengshan Dividend Yield
Prinx Chengshan current trailing twelve-month (TTM) dividend yield is 6.71%. Interested in purchasing Prinx Chengshan stock? Use our calculator to estimate your expected dividend yield:
Prinx Chengshan Financial Ratios
Prinx Chengshan Dividend FAQ
Other factors to consider when evaluating Prinx Chengshan 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: Prinx Chengshan'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, Prinx Chengshan 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, Prinx Chengshan 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 Prinx Chengshan 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: Prinx Chengshan 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, Prinx Chengshan distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Prinx Chengshan 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 Prinx Chengshan'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 Prinx Chengshan'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.