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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 dateDividend amountDividend typePay date
2024-07-05¥0.33annually2024-07-05
2023-06-16¥0.30annually2023-06-16
2022-06-02¥0.27annually2022-06-02
2021-06-10¥0.25annually2021-06-10
2020-06-19¥0.10annually2020-06-19
2019-05-30¥0.10annually2019-05-30
2018-06-06¥0.04annually2018-06-06
2017-06-09¥0.05annually2017-06-09
2012-10-15¥0.02annually
2011-04-18¥0.04annually
2008-05-15¥0.05annually
2005-06-30¥0.04annually

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

P/E ratio-15.51
PEG ratio-2.41
P/B ratio1.60
ROE-10.89%
Payout ratio-169.76%
Current ratio1.20
Quick ratio0.93
Cash Ratio0.32

Sumec Dividend FAQ

How much is the next Sumec dividend?
Sumec's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Sumec dividend. The next Sumec dividend will be released in June.
When is Sumec dividend paid?
Sumec 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 Sumec pay?
The specific amount of Sumec 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 Sumec's dividend history.
Does Sumec stock pay dividends?
Yes, Sumec 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 Sumec's dividend history.
How much dividend does Sumec pay?
Sumec paid ¥0.33 in 2024, ¥0.3 in 2023, ¥0.265 in 2022, ¥0.251 in 2021, and ¥0.102 in 2020.
How often does Sumec pay dividends?
Sumec 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 Sumec's dividend yield?
The current dividend yield for Sumec is 3.58%. 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 Sumec's exact dividend yield.
When does Sumec go ex dividend?
Sumec's ex-dividend date for the latest dividend was on 2024-07-05. Sumec 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 Sumec dividend paid?
Sumec pays dividends on a annually basis, typically around June, but the exact dates can vary each year.
Will Sumec 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 Sumec 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 Sumec dividend per share?
Sumec paid ¥0.33 per share in 2024 and ¥0.3 per share in 2023. The amount of dividend per share that Sumec 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 Sumec 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 Sumec 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 Sumec a dividend stock?
Yes, Sumec is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Sumec a good dividend stock?
Whether Sumec is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Sumec has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Sumec pay dividends monthly?
Sumec typically pays dividends on a annually basis.
Does Sumec pay dividends quarterly?
Sumec currently pays dividends on a annually basis.
Has Sumec ever paid a dividend?
Yes, Sumec has a history of paying dividends to its shareholders. Sumec is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Sumec dividend stocks?
To buy Sumec 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 Sumec 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 Sumec pay dividends 2024?
Sumec pays dividends on a annually basis. 2024 dividend payments are in 2024-07-05. 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 Sumec increase its dividend in 2024?
Decisions regarding Sumec 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 Sumec dividend overview you can look into the above table of dividend history.
How Sumec dividend works?
The Sumec 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 Sumec's dividend process works:

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.
How are Sumec dividends paid?
Sumec dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Sumec pay dividends?
Sumec 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 Sumec pay dividends?
The general pattern is that Sumec 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 Sumec dividend safe?
The safety of Sumec'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 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.