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Shanghai Hugong Electric Group Co.,Ltd. manufactures and sells welding and cutting equipment in China. The company offers welding machines, including stick welders, MIG/MAG welders, TIG welders, plasma cutters, submerged arc welders, and engine driven welders; laser cutting machines, such as fiber laser cutting machines and plate-pipe complexes; plasma cutting machines comprising CNC flame and plasma cutting machines, and CNC pipe intersection cutting machines; and auto welding systems. It also provides robot integration equipment; and white body welding production lines, welding fixtures, robotic workstations, non-standard special machines, and other automation equipment for automobile companies and auto parts manufacturers. The company also exports its products to 108 countries. Shanghai Hugong Electric Group Co.,Ltd. was founded in 1958 and is based in Shanghai, China.

Shanghai Hugong Electric Dividend Announcement

Shanghai Hugong Electric announced a annually dividend of ¥0.02 per ordinary share which will be made payable on . Ex dividend date: 2022-06-29
Shanghai Hugong Electric's trailing twelve-month (TTM) dividend yield is -%
Shanghai Hugong Electric's payout ratio for the trailing twelve months (TTM) is -7.06%

Shanghai Hugong Electric Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-06-29¥0.02annually
2021-06-10¥0.20annually
2020-06-08¥0.10annually
2019-06-13¥0.10annually
2018-06-29¥0.11annually
2017-05-24¥0.70annually

Shanghai Hugong Electric Dividend per year

Shanghai Hugong Electric Dividend growth

Shanghai Hugong Electric Dividend Yield

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

Shanghai Hugong Electric Financial Ratios

P/E ratio-106.30
PEG ratio6.15
P/B ratio4.34
ROE-4.15%
Payout ratio-7.06%
Current ratio3.15
Quick ratio2.46
Cash Ratio0.79

Shanghai Hugong Electric Dividend FAQ

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