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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-14 | ¥0.01 | annually | 2024-05-14 |
2017-07-12 | ¥0.17 | annually | 2017-07-12 |
2016-06-08 | ¥0.04 | annually | |
2013-07-23 | ¥0.06 | annually |
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
Shanghai Morn Electric Equipment Dividend FAQ
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.
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