Shanxi Taigang Stainless Steel Co., Ltd. engages in the production and sales of iron and steel in China and internationally. The company's products include stainless steel, cold-rolled silicon steel, carbon steel hot-rolled coils, train axle steel, alloy die steel, military steel, etc.; and electromagnetic pure iron, ultra-pure ferrite, dual-phase steel, high-carbon martensite, non-magnetic steel, railway passenger and freight car steel, and train axle steel. It also offers steel materials, billets, steel ingots, ferrous metals, ferroalloys, and metal products; and soft stainless steel precision foil, pen-tip steel, high-manganese and high-nitrogen stainless steel, and third-generation extruded stainless steel C-shaped steel for nuclear power industry. In addition, the company is involved in trade, import, and export of raw and auxiliary materials required for steel production. Its products are used in petroleum, chemical, shipbuilding, container, railway, automobile, urban light rail, power station, spacecraft, and other industries. The company was founded in 1998 and is based in Taiyuan, China. Shanxi Taigang Stainless Steel Co., Ltd. is a subsidiary of Taiyuan Iron & Steel (Group) Co., Ltd.
Shanxi Taigang Stainless Steel Dividend Announcement
• Shanxi Taigang Stainless Steel announced a annually dividend of ¥0.03 per ordinary share which will be made payable on 2023-06-01. Ex dividend date: 2023-06-01
• Shanxi Taigang Stainless Steel annual dividend for 2023 was ¥0.03
• Shanxi Taigang Stainless Steel's trailing twelve-month (TTM) dividend yield is -%
• Shanxi Taigang Stainless Steel's payout ratio for the trailing twelve months (TTM) is -14.23%
• Shanxi Taigang Stainless Steel's dividend growth over the last five years (2018-2023) was -36.54% year
Shanxi Taigang Stainless Steel Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-06-01 | ¥0.03 | annually | 2023-06-01 |
2022-06-29 | ¥0.06 | annually | 2022-06-29 |
2021-11-25 | ¥0.59 | annually | 2021-11-25 |
2021-06-02 | ¥0.15 | annually | 2021-06-02 |
2020-05-28 | ¥0.10 | annually | 2020-05-28 |
2019-06-03 | ¥0.10 | annually | 2019-06-03 |
2018-07-10 | ¥0.24 | annually | 2018-07-10 |
2017-06-27 | ¥0.02 | annually | 2017-06-27 |
2014-06-24 | ¥0.03 | annually | |
2013-07-03 | ¥0.05 | annually | |
2012-06-27 | ¥0.05 | annually | |
2011-06-22 | ¥0.10 | annually | |
2010-06-25 | ¥0.10 | annually |
Shanxi Taigang Stainless Steel Dividend per year
Shanxi Taigang Stainless Steel Dividend growth
Shanxi Taigang Stainless Steel Dividend Yield
Shanxi Taigang Stainless Steel current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Shanxi Taigang Stainless Steel stock? Use our calculator to estimate your expected dividend yield:
Shanxi Taigang Stainless Steel Financial Ratios
Shanxi Taigang Stainless Steel Dividend FAQ
Other factors to consider when evaluating Shanxi Taigang Stainless Steel 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: Shanxi Taigang Stainless Steel'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, Shanxi Taigang Stainless Steel 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, Shanxi Taigang Stainless Steel 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 Shanxi Taigang Stainless Steel 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: Shanxi Taigang Stainless Steel 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, Shanxi Taigang Stainless Steel distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Shanxi Taigang Stainless Steel 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 Shanxi Taigang Stainless Steel'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 Shanxi Taigang Stainless Steel'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.