Sumec Corporation Limited distributes construction machinery and equipment in China. The company offers wheel loaders, excavators, motor graders, backhoe loaders, skid steer loaders, road rollers, landfill compactors, bulldozers, forklifts, truck cranes, truck mounted cranes, mining trucks, pavers, road headers, and structural parts for heavy equipment, as well as solar home lighting systems. It also exports its products to the Philippines, Vietnam, Indonesia, and other Southeast Asian countries; Saudi Arabia, Oman, Iran, and other West Asian countries; Kazakhstan, Russia, Belarus, and other CIS countries; Togo, South Africa, and other South African countries; and Argentina, Mexico, and other South American countries. The company was formerly known as Changlin Company Limited and changed its name to Sumec Corporation Limited in October 2017. Sumec Corporation Limited was founded in 1961 and is based in Changzhou, China.
Sumec Dividend Announcement
• Sumec announced a annually dividend of ¥0.33 per ordinary share which will be made payable on 2024-07-05. Ex dividend date: 2024-07-05
• Sumec annual dividend for 2024 was ¥0.33
• Sumec annual dividend for 2023 was ¥0.30
• Sumec's trailing twelve-month (TTM) dividend yield is 3.58%
• Sumec's payout ratio for the trailing twelve months (TTM) is -169.76%
• Sumec's dividend growth over the last five years (2018-2023) was 48.17% year
Sumec Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-05 | ¥0.33 | annually | 2024-07-05 |
2023-06-16 | ¥0.30 | annually | 2023-06-16 |
2022-06-02 | ¥0.27 | annually | 2022-06-02 |
2021-06-10 | ¥0.25 | annually | 2021-06-10 |
2020-06-19 | ¥0.10 | annually | 2020-06-19 |
2019-05-30 | ¥0.10 | annually | 2019-05-30 |
2018-06-06 | ¥0.04 | annually | 2018-06-06 |
2017-06-09 | ¥0.05 | annually | 2017-06-09 |
2012-10-15 | ¥0.02 | annually | |
2011-04-18 | ¥0.04 | annually | |
2008-05-15 | ¥0.05 | annually | |
2005-06-30 | ¥0.04 | annually |
Sumec Dividend per year
Sumec Dividend growth
Sumec Dividend Yield
Sumec current trailing twelve-month (TTM) dividend yield is 3.58%. Interested in purchasing Sumec stock? Use our calculator to estimate your expected dividend yield:
Sumec Financial Ratios
Sumec Dividend FAQ
Other factors to consider when evaluating Sumec 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: Sumec'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, Sumec 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, Sumec 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 Sumec 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: Sumec 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, Sumec distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sumec 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 Sumec'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 Sumec'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.