Songz Automobile Air Conditioning Co., Ltd. engages in the research, development, manufacture, and marketing of air-conditioners for use in the commercial and passenger vehicles in China. The company offers air-conditioning systems that are used in various types of large and medium-sized passenger vehicles, passenger cars and commercial vehicles, trucks, light-duty buses, rail vehicles, and bus rapid transit system buses, as well as in transport refrigeration. It also provides spare parts, such as compressors, condenser fans, evaporator fans, and accessories. In addition, the company offers repair, maintenance, and technical support services. It also exports its products. The company was founded in 2002 and is headquartered in Shanghai, China.
Songz Automobile Air Conditioning Dividend Announcement
• Songz Automobile Air Conditioning announced a annually dividend of ¥0.06 per ordinary share which will be made payable on 2024-06-14. Ex dividend date: 2024-06-14
• Songz Automobile Air Conditioning annual dividend for 2024 was ¥0.06
• Songz Automobile Air Conditioning annual dividend for 2023 was ¥0.03
• Songz Automobile Air Conditioning's trailing twelve-month (TTM) dividend yield is 0.87%
• Songz Automobile Air Conditioning's payout ratio for the trailing twelve months (TTM) is 117.16%
• Songz Automobile Air Conditioning's dividend growth over the last five years (2018-2023) was -21.40% year
Songz Automobile Air Conditioning Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | ¥0.06 | annually | 2024-06-14 |
2023-06-16 | ¥0.03 | annually | 2023-06-16 |
2022-06-28 | ¥0.04 | annually | 2022-06-28 |
2021-05-12 | ¥0.08 | annually | 2021-05-12 |
2020-06-09 | ¥0.06 | annually | 2020-06-09 |
2019-06-03 | ¥0.06 | annually | 2019-06-03 |
2018-05-28 | ¥0.10 | annually | 2018-05-28 |
2017-06-16 | ¥0.10 | annually | 2017-06-16 |
2016-07-15 | ¥0.08 | annually | |
2015-06-17 | ¥0.30 | annually | |
2014-06-09 | ¥0.30 | annually | |
2012-06-27 | ¥0.30 | annually |
Songz Automobile Air Conditioning Dividend per year
Songz Automobile Air Conditioning Dividend growth
Songz Automobile Air Conditioning Dividend Yield
Songz Automobile Air Conditioning current trailing twelve-month (TTM) dividend yield is 0.87%. Interested in purchasing Songz Automobile Air Conditioning stock? Use our calculator to estimate your expected dividend yield:
Songz Automobile Air Conditioning Financial Ratios
Songz Automobile Air Conditioning Dividend FAQ
Other factors to consider when evaluating Songz Automobile Air Conditioning 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: Songz Automobile Air Conditioning'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, Songz Automobile Air Conditioning 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, Songz Automobile Air Conditioning 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 Songz Automobile Air Conditioning 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: Songz Automobile Air Conditioning 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, Songz Automobile Air Conditioning distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Songz Automobile Air Conditioning 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 Songz Automobile Air Conditioning'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 Songz Automobile Air Conditioning'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.