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Sinosteel New Materials Co., Ltd. produces and sells ferrite magnetic materials, and magnetic separation and crushing equipment in China and internationally. It offers ferrite magnet for automobile motors, household appliance motors, and DC permanent magnet motors; neodymium magnets, including sintered NdFeB magnets and multi-poles ring magnets; and manganous-manganic oxide. The company also provides permanent wet drum magnetic separators, drum permanent magnetic separators, multi-poles rising magnetic separators, dry permanent magnetic separators, roll type high intensity permanent magnetic separators, and permanent magnetic dehydration tanks. The company was formerly known as Sinosteel Anhui Tianyuan Technology Co.,Ltd. Sinosteel New Materials Co., Ltd. was founded in 2002 and is based in Ma'anshan, China.

Sinosteel New Materials Dividend Announcement

Sinosteel New Materials announced a annually dividend of ¥0.18 per ordinary share which will be made payable on 2024-06-26. Ex dividend date: 2024-06-26
Sinosteel New Materials annual dividend for 2024 was ¥0.18
Sinosteel New Materials annual dividend for 2023 was ¥0.24
Sinosteel New Materials's trailing twelve-month (TTM) dividend yield is 2.23%
Sinosteel New Materials's payout ratio for the trailing twelve months (TTM) is 222.17%
Sinosteel New Materials's dividend growth over the last five years (2018-2023) was 8.54% year

Sinosteel New Materials Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-26¥0.18annually2024-06-26
2023-06-09¥0.24annually2023-06-09
2022-06-14¥0.14annually2022-06-14
2021-06-18¥0.10annually2021-06-18
2020-06-11¥0.07annually2020-06-11
2019-06-17¥0.10annually2019-06-17
2018-06-07¥0.16annually2018-06-07
2017-05-25¥0.02annually2017-05-25
2016-06-17¥0.01annually
2015-07-08¥0.01annually
2014-05-27¥0.03annually
2010-06-11¥0.03annually

Sinosteel New Materials Dividend per year

Sinosteel New Materials Dividend growth

Sinosteel New Materials Dividend Yield

Sinosteel New Materials current trailing twelve-month (TTM) dividend yield is 2.23%. Interested in purchasing Sinosteel New Materials stock? Use our calculator to estimate your expected dividend yield:

Sinosteel New Materials Financial Ratios

P/E ratio40.63
PEG ratio-3.72
P/B ratio1.92
ROE4.76%
Payout ratio222.17%
Current ratio2.35
Quick ratio2.06
Cash Ratio0.88

Sinosteel New Materials Dividend FAQ

How much is the next Sinosteel New Materials dividend?
Sinosteel New Materials's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Sinosteel New Materials dividend. The next Sinosteel New Materials dividend will be released in June.
When is Sinosteel New Materials dividend paid?
Sinosteel New Materials pays dividends on a annually basis. The specific dates may vary each year but are generally around June. 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 Sinosteel New Materials pay?
The specific amount of Sinosteel New Materials 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 Sinosteel New Materials's dividend history.
Does Sinosteel New Materials stock pay dividends?
Yes, Sinosteel New Materials 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 Sinosteel New Materials's dividend history.
How much dividend does Sinosteel New Materials pay?
Sinosteel New Materials paid ¥0.181 in 2024, ¥0.241 in 2023, ¥0.139 in 2022, ¥0.1 in 2021, and ¥0.07 in 2020.
How often does Sinosteel New Materials pay dividends?
Sinosteel New Materials 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 June.
What is Sinosteel New Materials's dividend yield?
The current dividend yield for Sinosteel New Materials is 2.23%. 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 Sinosteel New Materials's exact dividend yield.
When does Sinosteel New Materials go ex dividend?
Sinosteel New Materials's ex-dividend date for the latest dividend was on 2024-06-26. Sinosteel New Materials 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 Sinosteel New Materials dividend paid?
Sinosteel New Materials pays dividends on a annually basis, typically around June, but the exact dates can vary each year.
Will Sinosteel New Materials 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 Sinosteel New Materials 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 Sinosteel New Materials dividend per share?
Sinosteel New Materials paid ¥0.181 per share in 2024 and ¥0.241 per share in 2023. The amount of dividend per share that Sinosteel New Materials 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 Sinosteel New Materials 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 Sinosteel New Materials 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 Sinosteel New Materials a dividend stock?
Yes, Sinosteel New Materials is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Sinosteel New Materials a good dividend stock?
Whether Sinosteel New Materials is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Sinosteel New Materials has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Sinosteel New Materials 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 Sinosteel New Materials pay dividends monthly?
Sinosteel New Materials typically pays dividends on a annually basis.
Does Sinosteel New Materials pay dividends quarterly?
Sinosteel New Materials currently pays dividends on a annually basis.
Has Sinosteel New Materials ever paid a dividend?
Yes, Sinosteel New Materials has a history of paying dividends to its shareholders. Sinosteel New Materials is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Sinosteel New Materials dividend stocks?
To buy Sinosteel New Materials 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 Sinosteel New Materials 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 Sinosteel New Materials pay dividends 2024?
Sinosteel New Materials pays dividends on a annually basis. 2024 dividend payments are in 2024-06-26. 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 Sinosteel New Materials increase its dividend in 2024?
Decisions regarding Sinosteel New Materials 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 Sinosteel New Materials dividend overview you can look into the above table of dividend history.
How Sinosteel New Materials dividend works?
The Sinosteel New Materials 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 Sinosteel New Materials's dividend process works:

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

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

3. Currency: Sinosteel New Materials 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 Sinosteel New Materials pay dividends?
Sinosteel New Materials 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 Sinosteel New Materials pay dividends?
The general pattern is that Sinosteel New Materials pays dividends around June. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Sinosteel New Materials dividend safe?
The safety of Sinosteel New Materials'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 Sinosteel New Materials'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 Sinosteel New Materials'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.