Sinomach Precision Industry Co., Ltd. researches, develops, manufactures, and sells bearings and related parts in China. It offers ordinary and consolidated abrasives; super hard material products; coated abrasives; and testing and industry specific equipment. It serves aerospace, automotive and rail transportation, energy and environmental protection, marine weapons, machine tools, petrochemicals, electronics, metallurgy, construction, and other industries. The company was formerly known as Luoyang Bearing Science & Technology Co.,Ltd and changed its name to Sinomach Precision Industry Co., Ltd. in December 2020. Sinomach Precision Industry Co., Ltd. was founded in 2001 and is based in Zhengzhou, China.
Sinomach Precision Industry Dividend Announcement
• Sinomach Precision Industry announced a annually dividend of ¥0.20 per ordinary share which will be made payable on 2024-06-13. Ex dividend date: 2024-06-13
• Sinomach Precision Industry annual dividend for 2024 was ¥0.20
• Sinomach Precision Industry annual dividend for 2023 was ¥0.18
• Sinomach Precision Industry's trailing twelve-month (TTM) dividend yield is 1.26%
• Sinomach Precision Industry's payout ratio for the trailing twelve months (TTM) is 57.52%
• Sinomach Precision Industry's dividend growth over the last five years (2018-2023) was 77.66% year
Sinomach Precision Industry Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-13 | ¥0.20 | annually | 2024-06-13 |
2023-06-13 | ¥0.18 | annually | 2023-06-13 |
2022-06-30 | ¥0.10 | annually | 2022-06-30 |
2021-06-30 | ¥0.04 | annually | 2021-06-30 |
2020-06-29 | ¥0.02 | annually | 2020-06-29 |
2019-06-28 | ¥0.01 | annually | 2019-06-28 |
2018-06-22 | ¥0.01 | annually | 2018-06-22 |
2017-06-16 | ¥0.01 | annually | 2017-06-16 |
2015-07-27 | ¥0.01 | annually | |
2014-06-05 | ¥0.03 | annually | |
2013-06-14 | ¥0.05 | annually | |
2012-06-27 | ¥0.09 | annually |
Sinomach Precision Industry Dividend per year
Sinomach Precision Industry Dividend growth
Sinomach Precision Industry Dividend Yield
Sinomach Precision Industry current trailing twelve-month (TTM) dividend yield is 1.26%. Interested in purchasing Sinomach Precision Industry stock? Use our calculator to estimate your expected dividend yield:
Sinomach Precision Industry Financial Ratios
Sinomach Precision Industry Dividend FAQ
Other factors to consider when evaluating Sinomach Precision Industry 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.
Place an order: Use the brokerage's trading platform to place an order to buy Sinomach Precision Industry 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.
1. Determination of Dividend: Sinomach Precision Industry'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, Sinomach Precision Industry 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, Sinomach Precision Industry 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 Sinomach Precision Industry 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: Sinomach Precision Industry 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, Sinomach Precision Industry distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sinomach Precision Industry 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 Sinomach Precision Industry'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 Sinomach Precision Industry'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.