SEC Electric Machinery Co., Ltd. manufactures and sells motors in China. The company offers AC motors, such as squirrel cage asynchronous, wound rotor induction, compact asynchronous, flameproof, safety, petroleum drilling, and shipping propulsion motors; medium and large-sized DC motors; and synchronous, synchronous variable frequency, mine hoist, and mine milling motors. It also provides wind, turbo, short-circuit, and diesel engine generators; and electrical units comprising transformers and frequency inverters. The company's products are used in metallurgy, electricity, cement, petrochemical, mining, papermaking, oil drilling, wind power, water conservancy, and shipbuilding applications. It also exports its products to the United States, Germany, Switzerland, France, Italy, Russia, South Korea, South Africa, Brazil, India, Egypt, and internationally. The company is based in Wuxi, China.
SEC Electric Machinery Dividend Announcement
• SEC Electric Machinery announced a annually dividend of ¥0.06 per ordinary share which will be made payable on 2024-05-08. Ex dividend date: 2024-05-08
• SEC Electric Machinery annual dividend for 2024 was ¥0.06
• SEC Electric Machinery annual dividend for 2023 was ¥0.07
• SEC Electric Machinery's trailing twelve-month (TTM) dividend yield is 0.4%
• SEC Electric Machinery's payout ratio for the trailing twelve months (TTM) is 179.41%
• SEC Electric Machinery's dividend growth over the last five years (2018-2023) was -27.57% year
SEC Electric Machinery Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-08 | ¥0.06 | annually | 2024-05-08 |
2023-07-05 | ¥0.07 | annually | 2023-07-05 |
2022-06-09 | ¥0.06 | annually | 2022-06-09 |
2021-06-08 | ¥0.88 | annually | 2021-06-08 |
2020-08-24 | ¥0.21 | annually | 2020-08-24 |
2020-05-29 | ¥0.25 | annually | 2020-05-29 |
2019-05-22 | ¥0.39 | annually | 2019-05-22 |
2018-08-31 | ¥0.08 | annually | 2018-08-31 |
2018-05-22 | ¥0.25 | annually | 2018-05-22 |
2017-06-08 | ¥0.15 | annually | 2017-06-08 |
2016-06-08 | ¥0.17 | annually | |
2015-05-22 | ¥0.20 | annually |
SEC Electric Machinery Dividend per year
SEC Electric Machinery Dividend growth
SEC Electric Machinery Dividend Yield
SEC Electric Machinery current trailing twelve-month (TTM) dividend yield is 0.4%. Interested in purchasing SEC Electric Machinery stock? Use our calculator to estimate your expected dividend yield:
SEC Electric Machinery Financial Ratios
SEC Electric Machinery Dividend FAQ
Other factors to consider when evaluating SEC Electric Machinery 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: SEC Electric Machinery'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, SEC Electric Machinery 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, SEC Electric Machinery 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 SEC Electric Machinery 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: SEC Electric Machinery 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, SEC Electric Machinery distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: SEC Electric Machinery 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 SEC Electric Machinery'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 SEC Electric Machinery'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.