Sinostar Cable Co., Ltd engages in the research and development, production, and sale of wires, cables and cable, and its accessories. The company's products include power cables, electrical equipment wires and cables, bare wires, special cables, and cable accessories. Its products are used in power grid construction, thermal and hydropower generation, electrified railway, urban rail transit, new energy power generation, petroleum/petrochemical, metallurgy, shipbuilding, home appliances, engineering construction, and other industries. Sinostar Cable Co., Ltd was founded in 2003 and is based in Yixing, China.
Sinostar Cable Dividend Announcement
• Sinostar Cable announced a annually dividend of ¥0.04 per ordinary share which will be made payable on 2024-07-17. Ex dividend date: 2024-07-17
• Sinostar Cable annual dividend for 2024 was ¥0.04
• Sinostar Cable 's trailing twelve-month (TTM) dividend yield is 0.55%
• Sinostar Cable 's payout ratio for the trailing twelve months (TTM) is 145.52%
Sinostar Cable Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-17 | ¥0.04 | annually | 2024-07-17 |
2022-05-23 | ¥0.03 | annually | 2022-05-23 |
2021-06-18 | ¥0.03 | annually | 2021-06-18 |
Sinostar Cable Dividend per year
Sinostar Cable Dividend Yield
Sinostar Cable current trailing twelve-month (TTM) dividend yield is 0.55%. Interested in purchasing Sinostar Cable stock? Use our calculator to estimate your expected dividend yield:
Sinostar Cable Financial Ratios
Sinostar Cable 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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