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Rayong Wire Industries Public Company Limited manufactures and distributes steel wire products primarily in Thailand. The company offers pre-stressed concrete wires for use in the production of piles, electricity poles, finished floor slabs, and concrete railroad tiles; pre-stressed concrete strand wires that are used in construction works, including bridge beams, elevated roads, large-sized piles, and silos; and welding wires for various applications in metal welding industries, such as motorcar assembling and parts, shipbuilding docks, containers, water pump ducts, gas tanks, wheel ploughs, power transformers, and furniture. It also provides hard drawn wires, such as spring wire for use in mattress, auto parts, wire mesh, and spring industries; low carbon steel wires, which are used in piling industry, electricity posts, and drains; and wire mesh products used in the construction of roads, buildings, and finished walls. The company was founded in 1994 and is based in Bangkok, Thailand. Rayong Wire Industries Public Company Limited is a subsidiary of Capital Engineering Network Public Company Limited.

Rayong Wire Industries Dividend Announcement

• Rayong Wire Industries announced a annually dividend of ฿0.10 per ordinary share which will be made payable on 2022-05-25. Ex dividend date: 2022-03-09
• Rayong Wire Industries's trailing twelve-month (TTM) dividend yield is -%

Rayong Wire Industries Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-03-09฿0.10annually2022-05-25
2018-03-07฿0.11annually2018-05-25

Rayong Wire Industries Dividend per year

Rayong Wire Industries Dividend Yield

Rayong Wire Industries current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Rayong Wire Industries stock? Use our calculator to estimate your expected dividend yield:

Rayong Wire Industries Financial Ratios

P/E ratio23.58
PEG ratio-5.89
P/B ratio0.44
ROE1.94%
Payout ratio0.00%
Current ratio12.78
Quick ratio11.39
Cash Ratio4.59

Rayong Wire Industries Dividend FAQ

Does Rayong Wire Industries stock pay dividends?
Rayong Wire Industries does not currently pay dividends to its shareholders.
Has Rayong Wire Industries ever paid a dividend?
No, Rayong Wire Industries has no a history of paying dividends to its shareholders. Rayong Wire Industries is not known for its dividend payments.
Why doesn't Rayong Wire Industries pay dividends?
There are several potential reasons why Rayong Wire Industries would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Rayong Wire Industries ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Rayong Wire Industries has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Rayong Wire Industries a dividend aristocrat?
Rayong Wire Industries is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Rayong Wire Industries a dividend king?
Rayong Wire Industries is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Rayong Wire Industries a dividend stock?
No, Rayong Wire Industries is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Rayong Wire Industries stocks?
To buy Rayong Wire Industries you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Rayong Wire Industries stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.