Sungrow Power Supply Co., Ltd. researches, develops, produces, sells, and services solar, wind, and other energy storage equipment worldwide. The company offers photovoltaic inverters, wind power converters, energy storage systems, new energy vehicle drive systems, and water surface photovoltaic equipment; accessories and monitors; and maintenance services, as well as engages in smart energy operation business. Sungrow Power Supply Co., Ltd. was founded in 1997 and is headquartered in Hefei, China.
Sungrow Power Supply Dividend Announcement
• Sungrow Power Supply announced a annually dividend of ¥0.96 per ordinary share which will be made payable on 2024-06-13. Ex dividend date: 2024-06-13
• Sungrow Power Supply annual dividend for 2024 was ¥0.96
• Sungrow Power Supply annual dividend for 2023 was ¥0.16
• Sungrow Power Supply's trailing twelve-month (TTM) dividend yield is 1.18%
• Sungrow Power Supply's payout ratio for the trailing twelve months (TTM) is 33.77%
• Sungrow Power Supply's dividend growth over the last five years (2018-2023) was 22.49% year
• Sungrow Power Supply's dividend growth over the last ten years (2013-2023) was 15.97% year
Sungrow Power Supply Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-13 | ¥0.96 | annually | 2024-06-13 |
2023-06-07 | ¥0.16 | annually | 2023-06-07 |
2022-06-28 | ¥0.08 | annually | 2022-06-28 |
2021-05-28 | ¥0.14 | annually | 2021-05-28 |
2020-07-10 | ¥0.05 | annually | 2020-07-10 |
2019-06-28 | ¥0.04 | annually | 2019-06-28 |
2018-06-07 | ¥0.06 | annually | 2018-06-07 |
2017-06-29 | ¥0.03 | annually | 2017-06-29 |
2016-09-09 | ¥0.06 | annually | |
2015-07-02 | ¥0.03 | annually | |
2014-05-30 | ¥0.04 | annually | |
2013-05-28 | ¥0.04 | annually |
Sungrow Power Supply Dividend per year
Sungrow Power Supply Dividend growth
Sungrow Power Supply Dividend Yield
Sungrow Power Supply current trailing twelve-month (TTM) dividend yield is 1.18%. Interested in purchasing Sungrow Power Supply stock? Use our calculator to estimate your expected dividend yield:
Sungrow Power Supply Financial Ratios
Sungrow Power Supply Dividend FAQ
Other factors to consider when evaluating Sungrow Power Supply 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: Sungrow Power Supply'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, Sungrow Power Supply 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, Sungrow Power Supply 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 Sungrow Power Supply 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: Sungrow Power Supply 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, Sungrow Power Supply distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Sungrow Power Supply 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 Sungrow Power Supply'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 Sungrow Power Supply'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.