company-logo

Shandong Longertek Technology Co., Ltd. engages in the research, development, production, sale, and maintenance of rail transit vehicle air conditioners and their control systems in China. It offers track and new energy vehicle air conditioners, thermal management products, air energy heat pump drying equipment, digital energy intelligent environmental control products, and their control systems, as well as new energy equipment, professional computer room temperature control products, and industrial integrated air conditioners. The company was founded in 2000 and is based in Jinan, the People's Republic of China.

Shandong Longertek Technology Dividend Announcement

Shandong Longertek Technology announced a annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-07-04. Ex dividend date: 2024-07-04
Shandong Longertek Technology annual dividend for 2024 was ¥0.10
Shandong Longertek Technology's trailing twelve-month (TTM) dividend yield is 0.55%
Shandong Longertek Technology's payout ratio for the trailing twelve months (TTM) is -50.65%

Shandong Longertek Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-04¥0.10annually2024-07-04
2021-06-03¥0.20annually2021-06-03
2020-06-11¥0.15annually2020-06-11

Shandong Longertek Technology Dividend per year

Shandong Longertek Technology Dividend Yield

Shandong Longertek Technology current trailing twelve-month (TTM) dividend yield is 0.55%. Interested in purchasing Shandong Longertek Technology stock? Use our calculator to estimate your expected dividend yield:

Shandong Longertek Technology Financial Ratios

P/E ratio-34.68
PEG ratio3.43
P/B ratio1.94
ROE-5.40%
Payout ratio-50.65%
Current ratio1.66
Quick ratio1.42
Cash Ratio0.04

Shandong Longertek Technology Dividend FAQ

Does Shandong Longertek Technology stock pay dividends?
Shandong Longertek Technology does not currently pay dividends to its shareholders.
Has Shandong Longertek Technology ever paid a dividend?
No, Shandong Longertek Technology has no a history of paying dividends to its shareholders. Shandong Longertek Technology is not known for its dividend payments.
Why doesn't Shandong Longertek Technology pay dividends?
There are several potential reasons why Shandong Longertek Technology 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 Shandong Longertek Technology 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 Shandong Longertek Technology 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 Shandong Longertek Technology a dividend aristocrat?
Shandong Longertek Technology 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 Shandong Longertek Technology a dividend king?
Shandong Longertek Technology 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 Shandong Longertek Technology a dividend stock?
No, Shandong Longertek Technology 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 Shandong Longertek Technology stocks?
To buy Shandong Longertek Technology 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 Shandong Longertek Technology 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.