SeAH SPECIALSTEEL CO., LTD. manufactures and sells steel materials for automotive, electronics, and mechanical industries in South Korea and internationally. The company offers cold heading quality wires used in making coupling parts, such as bolts, nuts, and small screws, as well as in parts for machines, including cars and electrical equipment; and cold drawn bars used as machine parts and electronics materials. It also provides peeled bars for cylinder rods in excavators, lifts, loaders, and other construction machines, as well as for engines, vessels, industrial ball screws, cold forged parts in cars, etc.; and bar to bar products. In addition, it offers hydrogen bell furnace annealed products and seam-free wire. The company was formerly known as Changwon Steel Co., Ltd. and changed its name to SeAH SPECIALSTEEL CO., LTD. in June 1988. The company was founded in 1986 and is headquartered in Pohang, South Korea. SeAH SPECIALSTEEL CO., LTD. is a subsidiary of SeAH Holdings Corporation.
SeAH SPECIALSTEEL Dividend Announcement
• SeAH SPECIALSTEEL announced a annually dividend of ₩1000.00 per ordinary share which will be made payable on 2024-04-19. Ex dividend date: 2023-12-27
• SeAH SPECIALSTEEL annual dividend for 2023 was ₩1000.00
• SeAH SPECIALSTEEL's trailing twelve-month (TTM) dividend yield is 7.32%
• SeAH SPECIALSTEEL's payout ratio for the trailing twelve months (TTM) is 849.07%
• SeAH SPECIALSTEEL's dividend growth over the last five years (2018-2023) was 2.13% year
• SeAH SPECIALSTEEL's dividend growth over the last ten years (2013-2023) was 2.92% year
SeAH SPECIALSTEEL Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-27 | ₩1000.00 | annually | 2024-04-19 |
2022-12-28 | ₩1000.00 | annually | 2023-04-21 |
2021-12-29 | ₩1200.00 | annually | 2022-04-21 |
2020-12-29 | ₩700.00 | annually | 2021-04-16 |
2019-12-27 | ₩900.00 | annually | 2020-04-17 |
2018-12-27 | ₩900.00 | annually | 2019-04-12 |
2017-12-27 | ₩750.00 | annually | 2018-04-13 |
2016-12-28 | ₩750.00 | annually | |
2015-12-29 | ₩700.00 | annually | |
2014-12-29 | ₩800.00 | annually | |
2013-12-27 | ₩750.00 | annually | |
2012-12-27 | ₩600.00 | annually |
SeAH SPECIALSTEEL Dividend per year
SeAH SPECIALSTEEL Dividend growth
SeAH SPECIALSTEEL Dividend Yield
SeAH SPECIALSTEEL current trailing twelve-month (TTM) dividend yield is 7.32%. Interested in purchasing SeAH SPECIALSTEEL stock? Use our calculator to estimate your expected dividend yield:
SeAH SPECIALSTEEL Financial Ratios
SeAH SPECIALSTEEL Dividend FAQ
Other factors to consider when evaluating SeAH SPECIALSTEEL 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: SeAH SPECIALSTEEL'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, SeAH SPECIALSTEEL 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, SeAH SPECIALSTEEL 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 SeAH SPECIALSTEEL 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: SeAH SPECIALSTEEL 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, SeAH SPECIALSTEEL distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: SeAH SPECIALSTEEL 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 SeAH SPECIALSTEEL'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 SeAH SPECIALSTEEL'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.