Taekwang Industrial Co., Ltd. engages in the synthetic fiber, textile, petrochemical, and advanced material businesses in South Korea and internationally. It offers synthetic fibers comprising acrylic fibers, nylon filaments, spandex, and low-melting-point fibers, as well as ring, open-end, acrylic, and acrylic blended spun yarns. The company also provides petrochemical products, including purified terephthalic acids, propylene, acrylonitrile, sodium cyanide, acetonitrile, ammonium sulphate, and hydrogen peroxide. In addition, it offers tricot and polyester fabrics; and advanced materials, such as carbon and aramid fibers. The company was founded in 1950 and is headquartered in Seoul, South Korea.
Taekwang Industrial Dividend Announcement
• Taekwang Industrial announced a annually dividend of ₩1750.00 per ordinary share which will be made payable on 2024-04-25. Ex dividend date: 2023-12-27
• Taekwang Industrial annual dividend for 2023 was ₩1750.00
• Taekwang Industrial's trailing twelve-month (TTM) dividend yield is 0.3%
• Taekwang Industrial's payout ratio for the trailing twelve months (TTM) is 3.91%
• Taekwang Industrial's dividend growth over the last five years (2018-2023) was -10.22% year
Taekwang Industrial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-12-27 | ₩1750.00 | annually | 2024-04-25 |
2022-12-28 | ₩1750.00 | annually | 2023-04-25 |
2021-12-29 | ₩1750.00 | annually | 2022-04-11 |
2020-12-29 | ₩1550.00 | annually | 2021-04-09 |
2019-12-27 | ₩1550.00 | annually | 2020-04-16 |
2018-12-27 | ₩3000.00 | annually | 2019-04-15 |
2017-12-27 | ₩1925.00 | annually | 2018-03-30 |
2016-12-28 | ₩1750.00 | annually | |
2015-12-29 | ₩1750.00 | annually | |
2014-12-29 | ₩1250.00 | annually | |
2013-12-27 | ₩1750.00 | annually | |
2012-12-27 | ₩1750.00 | annually |
Taekwang Industrial Dividend per year
Taekwang Industrial Dividend growth
Taekwang Industrial Dividend Yield
Taekwang Industrial current trailing twelve-month (TTM) dividend yield is 0.3%. Interested in purchasing Taekwang Industrial stock? Use our calculator to estimate your expected dividend yield:
Taekwang Industrial Financial Ratios
Taekwang Industrial Dividend FAQ
Other factors to consider when evaluating Taekwang Industrial 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: Taekwang Industrial'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, Taekwang Industrial 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, Taekwang Industrial 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 Taekwang Industrial 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: Taekwang Industrial 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, Taekwang Industrial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Taekwang Industrial 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 Taekwang Industrial'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 Taekwang Industrial'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.