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Sinomag Technology Co., Ltd. engages in the research and development, production, and sale of permanent ferrite and commutator products. Its products are used in the automobile, transportation, home appliance, electric tool, fitness equipment, and other markets. The company was founded in 1998 and is headquartered in Hefei, China.

Sinomag Technology Dividend Announcement

Sinomag Technology announced a annually dividend of ¥0.20 per ordinary share which will be made payable on 2024-07-09. Ex dividend date: 2024-07-09
Sinomag Technology annual dividend for 2024 was ¥0.20
Sinomag Technology annual dividend for 2023 was ¥0.20
Sinomag Technology's trailing twelve-month (TTM) dividend yield is 0.59%
Sinomag Technology's payout ratio for the trailing twelve months (TTM) is 52.48%

Sinomag Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-09¥0.20annually2024-07-09
2023-05-16¥0.20annually2023-05-16
2022-04-18¥0.34annually2022-04-18
2021-06-08¥0.20annually2021-06-08
2020-11-02¥0.50annually2020-11-02

Sinomag Technology Dividend per year

Sinomag Technology Dividend growth

Sinomag Technology Dividend Yield

Sinomag Technology current trailing twelve-month (TTM) dividend yield is 0.59%. Interested in purchasing Sinomag Technology stock? Use our calculator to estimate your expected dividend yield:

Sinomag Technology Financial Ratios

P/E ratio35.04
PEG ratio0.36
P/B ratio3.61
ROE10.23%
Payout ratio52.48%
Current ratio1.19
Quick ratio0.65
Cash Ratio0.19

Sinomag Technology Dividend FAQ

How much is the next Sinomag Technology dividend?
Sinomag Technology's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Sinomag Technology dividend. The next Sinomag Technology dividend will be released in May.
When is Sinomag Technology dividend paid?
Sinomag Technology pays dividends on a annually basis. The specific dates may vary each year but are generally around May. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Sinomag Technology pay?
The specific amount of Sinomag Technology dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Sinomag Technology's dividend history.
Does Sinomag Technology stock pay dividends?
Yes, Sinomag Technology does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Sinomag Technology's dividend history.
How much dividend does Sinomag Technology pay?
Sinomag Technology paid ¥0.2 in 2024, ¥0.2 in 2023, ¥0.34 in 2022, ¥0.2 in 2021, and ¥0.5 in 2020.
How often does Sinomag Technology pay dividends?
Sinomag Technology typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around May.
What is Sinomag Technology's dividend yield?
The current dividend yield for Sinomag Technology is 0.59%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Sinomag Technology's exact dividend yield.
When does Sinomag Technology go ex dividend?
Sinomag Technology's ex-dividend date for the latest dividend was on 2024-07-09. Sinomag Technology typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Sinomag Technology dividend paid?
Sinomag Technology pays dividends on a annually basis, typically around May, but the exact dates can vary each year.
Will Sinomag Technology increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Sinomag Technology will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Sinomag Technology dividend per share?
Sinomag Technology paid ¥0.2 per share in 2024 and ¥0.2 per share in 2023. The amount of dividend per share that Sinomag Technology pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Sinomag Technology a dividend aristocrat?
No, 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 Sinomag Technology a dividend king?
No, 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 Sinomag Technology a dividend stock?
Yes, Sinomag Technology is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Sinomag Technology a good dividend stock?
Whether Sinomag Technology is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Sinomag Technology has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Sinomag Technology 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.
Does Sinomag Technology pay dividends monthly?
Sinomag Technology typically pays dividends on a annually basis.
Does Sinomag Technology pay dividends quarterly?
Sinomag Technology currently pays dividends on a annually basis.
Has Sinomag Technology ever paid a dividend?
Yes, Sinomag Technology has a history of paying dividends to its shareholders. Sinomag Technology is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Sinomag Technology dividend stocks?
To buy Sinomag Technology 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Sinomag Technology 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.
When does Sinomag Technology pay dividends 2024?
Sinomag Technology pays dividends on a annually basis. 2024 dividend payments are in 2024-07-09. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Sinomag Technology increase its dividend in 2024?
Decisions regarding Sinomag Technology dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Sinomag Technology dividend overview you can look into the above table of dividend history.
How Sinomag Technology dividend works?
The Sinomag Technology dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Sinomag Technology's dividend process works:

1. Determination of Dividend: Sinomag Technology'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, Sinomag Technology 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, Sinomag Technology 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 Sinomag Technology 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.
How are Sinomag Technology dividends paid?
Sinomag Technology dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Sinomag Technology 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, Sinomag Technology distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Sinomag Technology 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.
How many times does Sinomag Technology pay dividends?
Sinomag Technology typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Sinomag Technology pay dividends?
The general pattern is that Sinomag Technology pays dividends around May. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Sinomag Technology dividend safe?
The safety of Sinomag Technology's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Sinomag Technology'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 Sinomag Technology'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.