Shinkong Textile Co., Ltd. engages in the production and sale of various cotton and CVC yarns, synthetic fibers, and finished fabrics in Taiwan and internationally. It operates through Marketing Department, Retail Department, and Real Estate Department. The company offers digital print, dyed fabric, reflective yarn, flannel, and bi-stretch fabric services for synthetic fibers; base layers, mid layers, and outer wear knits; and wool textile products. It also imports and sells garments; and leases and sells buildings and public housing units. Shinkong Textile Co., Ltd. was incorporated in 1955 and is headquartered in Taipei, Taiwan.
Shinkong Textile Dividend Announcement
• Shinkong Textile announced a annually dividend of NT$1.20 per ordinary share which will be made payable on 2024-08-08. Ex dividend date: 2024-07-11
• Shinkong Textile annual dividend for 2024 was NT$1.20
• Shinkong Textile annual dividend for 2023 was NT$1.50
• Shinkong Textile's trailing twelve-month (TTM) dividend yield is 2.57%
• Shinkong Textile's payout ratio for the trailing twelve months (TTM) is 64.67%
• Shinkong Textile's dividend growth over the last five years (2018-2023) was -16.64% year
• Shinkong Textile's dividend growth over the last ten years (2013-2023) was 11.61% year
Shinkong Textile Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-11 | NT$1.20 | annually | 2024-08-08 |
2023-08-24 | NT$1.50 | annually | 2023-09-22 |
2022-08-11 | NT$1.00 | annually | 2022-09-07 |
2021-08-05 | NT$1.00 | annually | 2021-09-03 |
2020-08-06 | NT$1.00 | annually | 2020-09-03 |
2019-07-11 | NT$0.85 | annually | 2019-08-08 |
2018-07-04 | NT$3.73 | annually | 2018-07-31 |
2017-07-05 | NT$0.46 | annually | 2017-08-08 |
2016-08-22 | NT$0.35 | annually | |
2015-08-27 | NT$0.31 | annually | |
2014-08-15 | NT$0.45 | annually | |
2013-08-27 | NT$0.50 | annually |
Shinkong Textile Dividend per year
Shinkong Textile Dividend growth
Shinkong Textile Dividend Yield
Shinkong Textile current trailing twelve-month (TTM) dividend yield is 2.57%. Interested in purchasing Shinkong Textile stock? Use our calculator to estimate your expected dividend yield:
Shinkong Textile Financial Ratios
Shinkong Textile Dividend FAQ
Other factors to consider when evaluating Shinkong Textile 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: Shinkong Textile'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, Shinkong Textile 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, Shinkong Textile 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 Shinkong Textile 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: Shinkong Textile 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, Shinkong Textile distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Shinkong Textile 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 Shinkong Textile'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 Shinkong Textile'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.