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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 0.6%
Sinostar Cable 's payout ratio for the trailing twelve months (TTM) is 84.69%

Sinostar Cable Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-17¥0.04annually2024-07-17
2022-05-23¥0.03annually2022-05-23
2021-06-18¥0.03annually2021-06-18

Sinostar Cable Dividend per year

Sinostar Cable Dividend Yield

Sinostar Cable current trailing twelve-month (TTM) dividend yield is 0.6%. Interested in purchasing Sinostar Cable stock? Use our calculator to estimate your expected dividend yield:

Sinostar Cable Financial Ratios

P/E ratio61.42
PEG ratio1.49
P/B ratio1.86
ROE3.04%
Payout ratio84.69%
Current ratio1.80
Quick ratio1.29
Cash Ratio0.33

Sinostar Cable Dividend FAQ

Does Sinostar Cable stock pay dividends?
Sinostar Cable does not currently pay dividends to its shareholders.
Has Sinostar Cable ever paid a dividend?
No, Sinostar Cable has no a history of paying dividends to its shareholders. Sinostar Cable is not known for its dividend payments.
Why doesn't Sinostar Cable pay dividends?
There are several potential reasons why Sinostar Cable would choose not to pay dividends to their shareholders:

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.
Will Sinostar Cable ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Sinostar Cable has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Sinostar Cable a dividend aristocrat?
Sinostar Cable is not considered a Dividend Aristocrat. 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 Sinostar Cable a dividend king?
Sinostar Cable is not classified as a "Dividend King". 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 Sinostar Cable a dividend stock?
No, Sinostar Cable is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Sinostar Cable stocks?
To buy Sinostar Cable 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 and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Sinostar Cable 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.