Tae Kwang Corporation manufactures, supplies, and sells butt weld pipe fittings for oil and gas, chemical and petrochemical, power plant, and shipbuilding businesses in Korea and internationally. The company offers butt-welding fittings, including carbon, stainless, and alloy steel, such as elbows, tees, reducers, caps, stub ends, laterals, long bends, and crosses, as well as special, jacket, and split fittings; and forged fittings, such as carbon, stainless, and alloy steel comprises elbows, tees, reducers, sockets, couplings, bosses, crosses, caps, outlets, plugs, unions, inserts, nipples, swage nipples, and special items. It also provides flange fittings comprising carbon, stainless, and alloy steel, which include slip-ons, welding necks, threads, socket weldings, blinds, long welding necks, lap joints, grooves, and nozzle necks. The company was formerly known as Taekwang Bend Industry Company and changed its name to Tae Kwang Corporation in March 2001. Tae Kwang Corporation was founded in 1965 and is headquartered in Busan, South Korea.
Tae Kwang Dividend Announcement
• Tae Kwang announced a annually dividend of ₩170.00 per ordinary share which will be made payable on 2024-04-26. Ex dividend date: 2023-12-27
• Tae Kwang annual dividend for 2023 was ₩170.00
• Tae Kwang's trailing twelve-month (TTM) dividend yield is 1.34%
• Tae Kwang's payout ratio for the trailing twelve months (TTM) is 9.79%
Tae Kwang Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-27 | ₩170.00 | annually | 2024-04-26 |
2022-12-28 | ₩170.00 | annually | 2023-04-28 |
2016-12-28 | ₩50.00 | annually | |
2015-12-29 | ₩100.00 | annually | |
2006-12-27 | ₩41.49 | annually | |
2004-12-29 | ₩15.66 | annually | |
2003-12-29 | ₩9.24 | annually | |
2002-12-27 | ₩13.85 | annually | |
2001-12-27 | ₩4.62 | annually | |
2001-01-02 | ₩4.62 | annually |
Tae Kwang Dividend per year
Tae Kwang Dividend growth
Tae Kwang Dividend Yield
Tae Kwang current trailing twelve-month (TTM) dividend yield is 1.34%. Interested in purchasing Tae Kwang stock? Use our calculator to estimate your expected dividend yield:
Tae Kwang Financial Ratios
Tae Kwang Dividend FAQ
Other factors to consider when evaluating Tae Kwang 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: Tae Kwang'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, Tae Kwang 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, Tae Kwang 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 Tae Kwang 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: Tae Kwang 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, Tae Kwang distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tae Kwang 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 Tae Kwang'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 Tae Kwang'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.