Suzhou Veichi Electric Co., Ltd. engages in the development, manufacture, and marketing of industrial automation control products and system solutions in China and internationally. The company provides a range of electrical products, such as low voltage drives, medium voltage drives, multi-motor drives, four-quadrant inverters, and VFD accessories; servo systems, motion controllers, PLC, and HMI; and solar water pump inverters, solar water pumps, off grid solar inverters, battery test systems, and EV controllers. It also offers industry-specific drives, including construction lifting integrated machines, compressors, hydraulic servo, machine tool, water jet weaving electrical control systems, HVLS fan drives, tension control inverters, drawing machines, and pump drive and motors. The company's products are used in various fields, such as lifting, machine tools, green energy, motion control, petroleum, chemical, ceramics, metal products, wire and cable, plastic, mining, metallurgy, printing and packaging, textile and chemical fiber, metallurgy, coal, municipal, power, and others. Suzhou Veichi Electric Co., Ltd. was founded in 2005 and is headquartered in Suzhou, China.
Suzhou Veichi Electric Dividend Announcement
• Suzhou Veichi Electric announced a semi annually dividend of ¥0.14 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-10-25
• Suzhou Veichi Electric annual dividend for 2024 was ¥0.42
• Suzhou Veichi Electric annual dividend for 2023 was ¥0.25
• Suzhou Veichi Electric's trailing twelve-month (TTM) dividend yield is 1.22%
• Suzhou Veichi Electric's payout ratio for the trailing twelve months (TTM) is 48.20%
Suzhou Veichi Electric Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-25 | ¥0.14 | semi annually | 2024-10-25 |
2024-05-22 | ¥0.28 | semi annually | 2024-05-22 |
2023-06-02 | ¥0.25 | semi annually | 2023-06-02 |
2022-06-01 | ¥0.18 | semi annually | 2022-06-01 |
2021-05-26 | ¥0.12 | semi annually | 2021-05-26 |
Suzhou Veichi Electric Dividend per year
Suzhou Veichi Electric Dividend growth
Suzhou Veichi Electric Dividend Yield
Suzhou Veichi Electric current trailing twelve-month (TTM) dividend yield is 1.22%. Interested in purchasing Suzhou Veichi Electric stock? Use our calculator to estimate your expected dividend yield:
Suzhou Veichi Electric Financial Ratios
Suzhou Veichi Electric Dividend FAQ
Other factors to consider when evaluating Suzhou Veichi Electric 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: Suzhou Veichi Electric'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, Suzhou Veichi Electric 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, Suzhou Veichi Electric 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 Suzhou Veichi Electric 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: Suzhou Veichi Electric 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, Suzhou Veichi Electric distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Suzhou Veichi Electric 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 Suzhou Veichi Electric'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 Suzhou Veichi Electric'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.