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Shanghai Morn Electric Equipment Co., Ltd. designs, produces, and sells power and electrical equipment cables. The company provides aluminum alloy, mineral insulated flexible fire-proof, LV and MV fire-resistant power, ceramic high-temperature fire-resistant, metal flexible pipe equipment, frequency converter, shielding and chemical resistance, encoder, oil resistant corrosion split-phase comprehensive sheath, high and low temperature resistant, and other cables. It offers its products to metallurgy, petrochemical industry, electricity, transportation, and city construction fields under the Morn brand. The company also exports its products to Europe, Africa, the Middle East, and South East markets. Shanghai Morn Electric Equipment Co., Ltd. was founded in 1997 and is based in Shanghai, China.

Shanghai Morn Electric Equipment Dividend Announcement

Shanghai Morn Electric Equipment announced a annually dividend of ¥0.01 per ordinary share which will be made payable on 2024-05-14. Ex dividend date: 2024-05-14
Shanghai Morn Electric Equipment annual dividend for 2024 was ¥0.01
Shanghai Morn Electric Equipment's trailing twelve-month (TTM) dividend yield is 0.13%
Shanghai Morn Electric Equipment's payout ratio for the trailing twelve months (TTM) is 151.84%

Shanghai Morn Electric Equipment Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-14¥0.01annually2024-05-14
2017-07-12¥0.17annually2017-07-12
2016-06-08¥0.04annually
2013-07-23¥0.06annually

Shanghai Morn Electric Equipment Dividend per year

Shanghai Morn Electric Equipment Dividend Yield

Shanghai Morn Electric Equipment current trailing twelve-month (TTM) dividend yield is 0.13%. Interested in purchasing Shanghai Morn Electric Equipment stock? Use our calculator to estimate your expected dividend yield:

Shanghai Morn Electric Equipment Financial Ratios

P/E ratio179.94
PEG ratio0.88
P/B ratio4.35
ROE2.42%
Payout ratio151.84%
Current ratio1.38
Quick ratio1.15
Cash Ratio0.18

Shanghai Morn Electric Equipment Dividend FAQ

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