Shandong Weida Machinery Co., Ltd. manufactures and sells drill chucks in China and internationally. The company offers various types of drill chucks, including keyless chuck, keyless chuck with lock, key-type drill chuck, keyless automatic duty drill, and accessories; and saw blades. It also provides precision castings, such as power tools accessories, machining products, auto parts, hardware and tools, instrumentation valves, and die-casting and other casting products. In addition, the company offers powder metallurgy parts comprising structure parts, connecting rods for refrigerators, oiliness bearings, slide blocks for grease guns, chain wheels and cluths for engines, pulleys for engines, helix gears and impacted blocks for impacted power, and over loading parts for impacted power drills; and parts for oil pump of automobiles and angular connected axels, angular grinders, circular saws, reciprocating saws, double and single speed and impacted gear boxes, electric screwdrivers, and single and double speed gear boxes. Further, it provides AC and DC switches. The company offers its products primarily under the Peacock and Weida brands. Shandong Weida Machinery Co., Ltd. was founded in 1976 and is based in Wendeng, China.
Shandong Weida Machinery Dividend Announcement
• Shandong Weida Machinery announced a annually dividend of ¥0.12 per ordinary share which will be made payable on 2024-06-21. Ex dividend date: 2024-06-21
• Shandong Weida Machinery annual dividend for 2024 was ¥0.12
• Shandong Weida Machinery annual dividend for 2023 was ¥0.05
• Shandong Weida Machinery's trailing twelve-month (TTM) dividend yield is 1.23%
• Shandong Weida Machinery's payout ratio for the trailing twelve months (TTM) is 32.40%
• Shandong Weida Machinery's dividend growth over the last five years (2018-2023) was -3.58% year
• Shandong Weida Machinery's dividend growth over the last ten years (2013-2023) was 2.66% year
Shandong Weida Machinery Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-21 | ¥0.12 | annually | 2024-06-21 |
2023-06-13 | ¥0.05 | annually | 2023-06-13 |
2022-06-17 | ¥0.15 | annually | 2022-06-17 |
2021-06-17 | ¥0.10 | annually | 2021-06-17 |
2020-06-05 | ¥0.08 | annually | 2020-06-05 |
2019-06-12 | ¥0.08 | annually | 2019-06-12 |
2018-07-04 | ¥0.06 | annually | 2018-07-04 |
2017-06-14 | ¥0.06 | annually | 2017-06-14 |
2016-06-01 | ¥0.06 | annually | |
2015-05-12 | ¥0.05 | annually | |
2014-04-17 | ¥0.05 | annually | |
2013-05-13 | ¥0.04 | annually |
Shandong Weida Machinery Dividend per year
Shandong Weida Machinery Dividend growth
Shandong Weida Machinery Dividend Yield
Shandong Weida Machinery current trailing twelve-month (TTM) dividend yield is 1.23%. Interested in purchasing Shandong Weida Machinery stock? Use our calculator to estimate your expected dividend yield:
Shandong Weida Machinery Financial Ratios
Shandong Weida Machinery Dividend FAQ
Other factors to consider when evaluating Shandong Weida 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: Shandong Weida 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, Shandong Weida 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, Shandong Weida 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 Shandong Weida 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: Shandong Weida 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, Shandong Weida 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: Shandong Weida 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 Shandong Weida 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 Shandong Weida 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.