Saimo Technology Co., Ltd. provides intelligent detection products and control systems in China. The company's Bulk Handling division offers weighing products, including high precision belt scales, floating scale belt scales, coal weighing feeders, weighing feeders, batching systems, checking equipment, weighing instruments/load cells, and other measuring equipment; bulk material detection products, such as sweep sampling, auger sampling, sample preparation and analytics, and coal sample transportation systems; and conveyor protection products comprising run off, safety pull, position, tilt, and under speed switches, as well as belt damaged detectors and motion monitor systems. Its Packaging division provides flexible and bulk packaging lines; weighing and filling products, such as multihead and linear weighers, auger fillers, and volumetric cup fillers; open mouth, valve bag, bulk bag, and premade bag packers, as well as vertical form fill seals, bulk bag dischargers, and vacuum loaders; checkweigher and metal detector inspection products; robotic, low level, and high level palletizers; and inclined, screw, take off, bet, and chain conveyors, as well as turn tables and bucket elevators. The company also provides spare parts and manuals, and field and training services; and industrial handling robots and quantitative packaging machinery. In addition, it offers pillow bag, tray, carton, bottle, open mouth bag, and bulk bag solutions for the dry and processed food, fresh food, frozen food, liquid and thick, and nonfood industries; and bulk handling solutions for the power, chemical, cement, steel, metallurgy, port, coal, and quarry industries. The company was formerly known as Saimo Electric Co., Ltd. and changed its name to Saimo Technology Co., Ltd. in May 2020. Saimo Technology Co., Ltd. was founded in 1996 and is headquartered in Xuzhou, China.
Saimo Technology Dividend Announcement
• Saimo Technology announced a annually dividend of ¥0.01 per ordinary share which will be made payable on 2018-06-19. Ex dividend date: 2018-06-19
• Saimo Technology's trailing twelve-month (TTM) dividend yield is -%
• Saimo Technology's payout ratio for the trailing twelve months (TTM) is -9.34%
Saimo Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2018-06-19 | ¥0.01 | annually | 2018-06-19 |
2017-07-12 | ¥0.03 | annually | 2017-07-12 |
2016-04-28 | ¥0.10 | annually |
Saimo Technology Dividend per year
Saimo Technology Dividend growth
Saimo Technology Dividend Yield
Saimo Technology current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Saimo Technology stock? Use our calculator to estimate your expected dividend yield:
Saimo Technology Financial Ratios
Saimo Technology Dividend FAQ
Other factors to consider when evaluating Saimo Technology 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: Saimo Technology'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, Saimo Technology 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, Saimo Technology 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 Saimo Technology 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: Saimo Technology 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, Saimo Technology distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Saimo Technology 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 Saimo Technology'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 Saimo Technology'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.