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Shanghai Hongda New Material Co., Ltd. manufactures and sells silicone rubber products in China. The company's products include low-grade miscellaneous, die, high-grade sealing key, extrusion wire, flame retardant extrusion wire, heat-resistant extruded wire, cable joint, standard extrusion, ordinary vapor and nipple, high-grade nipple, swimming cap, high temperature resistant, flame retardant, car accessory, paper feeding rubber roller, gas phase rubber roller, general rubber roller, insulating, and water vapor resistant glue products; and ordinary molding adhesive, high-grade molded products, high resistance and tear gas, high temperature resistant steam adhesive, general molded products, low compression set, and conductive plastic products. Its products are used in various keyboard keys; wires and cables insulation; power, electricity, and household appliances sealing's; transportation insulation, moisture, weather resistance, and aging products; food, medical care, hygienic non-toxic, high temperature resistant, and physiologically inert; and high temperature resistant parts in the automotive field. The company was formerly known as Jiangsu Hongda New Material Co., Ltd. Shanghai Hongda New Material Co., Ltd. was founded in 1992 and is based in Yangzhong, China.

Shanghai Hongda New Material Dividend Announcement

• Shanghai Hongda New Material announced a annually dividend of ¥0.03 per ordinary share which will be made payable on . Ex dividend date: 2010-05-25
• Shanghai Hongda New Material's trailing twelve-month (TTM) dividend yield is -%

Shanghai Hongda New Material Dividend History

Ex-Div dateDividend amountDividend typePay date
2010-05-25¥0.03annually
2009-06-10¥0.05annually
2008-06-20¥0.10annually

Shanghai Hongda New Material Dividend per year

Shanghai Hongda New Material Dividend growth

Shanghai Hongda New Material Dividend Yield

Shanghai Hongda New Material current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Shanghai Hongda New Material stock? Use our calculator to estimate your expected dividend yield:

Shanghai Hongda New Material Financial Ratios

P/E ratio-64.59
PEG ratio1.66
P/B ratio45.63
ROE-58.47%
Payout ratio0.00%
Current ratio0.93
Quick ratio0.76
Cash Ratio0.53

Shanghai Hongda New Material Dividend FAQ

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