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 2.21%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-26 | ¥0.18 | annually | 2024-06-26 |
2023-06-09 | ¥0.24 | annually | 2023-06-09 |
2022-06-14 | ¥0.14 | annually | 2022-06-14 |
2021-06-18 | ¥0.10 | annually | 2021-06-18 |
2020-06-11 | ¥0.07 | annually | 2020-06-11 |
2019-06-17 | ¥0.10 | annually | 2019-06-17 |
2018-06-07 | ¥0.16 | annually | 2018-06-07 |
2017-05-25 | ¥0.02 | annually | 2017-05-25 |
2016-06-17 | ¥0.01 | annually | |
2015-07-08 | ¥0.01 | annually | |
2014-05-27 | ¥0.03 | annually | |
2010-06-11 | ¥0.03 | annually |
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 2.21%. Interested in purchasing Sinosteel New Materials stock? Use our calculator to estimate your expected dividend yield:
Sinosteel New Materials Financial Ratios
Sinosteel New Materials Dividend FAQ
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.
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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.
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.
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.