Taichung Commercial Bank Co., Ltd. provides various banking products and services in Taiwan. The company offers various deposit products, such as savings account and time deposit accounts, foreign currency demand deposits, cash, and travel checks and remittance; corporate finance services, which include corporate loans, letter of credit, collections, and factoring and forfaiting, as well as account information, deposits, payments, accounts receivable financing, hedging strategies, financial instruments, and consultation services; and personal mortgage loans comprising house mortgage, house renovations, children's education funds, business start-up capital, investments, and financial management services. It also provides financial advice, asset allocation, consultation service, and trust planning, as well as family and retirement services; credit cards; and online and mobile banking, and mobile payment services. As of December 31, 2021, the company had 81 branches, a Malaysia Labuan branch, and an offshore banking unit. The company was formerly known as Taichung Small and Medium Business Bank Company Limited and changed its name to Taichung Commercial Bank Co., Ltd. in December 1998. Taichung Commercial Bank Co., Ltd. was founded in 1952 and is headquartered in Taichung, Taiwan.
Taichung Commercial Bank Dividend Announcement
• Taichung Commercial Bank announced a annually dividend of NT$0.40 per ordinary share which will be made payable on 2024-08-21. Ex dividend date: 2024-07-23
• Taichung Commercial Bank annual dividend for 2024 was NT$0.40
• Taichung Commercial Bank annual dividend for 2023 was NT$0.30
• Taichung Commercial Bank's trailing twelve-month (TTM) dividend yield is 2.12%
• Taichung Commercial Bank's payout ratio for the trailing twelve months (TTM) is 18.71%
• Taichung Commercial Bank's dividend growth over the last five years (2018-2023) was -4.96% year
• Taichung Commercial Bank's dividend growth over the last ten years (2013-2023) was 11.71% year
Taichung Commercial Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-23 | NT$0.40 | annually | 2024-08-21 |
2023-07-18 | NT$0.30 | annually | 2023-08-18 |
2022-07-19 | NT$0.25 | annually | 2022-08-22 |
2021-08-31 | NT$0.24 | annually | 2021-09-30 |
2020-08-26 | NT$0.25 | annually | 2020-09-30 |
2019-08-27 | NT$0.25 | annually | 2019-10-01 |
2018-07-31 | NT$0.39 | annually | 2018-09-03 |
2017-08-01 | NT$0.46 | annually | 2017-09-04 |
2016-08-24 | NT$0.40 | annually | |
2015-08-25 | NT$0.18 | annually | |
2014-08-28 | NT$0.18 | annually | |
2013-09-11 | NT$0.10 | annually |
Taichung Commercial Bank Dividend per year
Taichung Commercial Bank Dividend growth
Taichung Commercial Bank Dividend Yield
Taichung Commercial Bank current trailing twelve-month (TTM) dividend yield is 2.12%. Interested in purchasing Taichung Commercial Bank stock? Use our calculator to estimate your expected dividend yield:
Taichung Commercial Bank Financial Ratios
Taichung Commercial Bank Dividend FAQ
Other factors to consider when evaluating Taichung Commercial Bank 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: Taichung Commercial Bank'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, Taichung Commercial Bank 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, Taichung Commercial Bank 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 Taichung Commercial Bank 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: Taichung Commercial Bank 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, Taichung Commercial Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Taichung Commercial Bank 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 Taichung Commercial Bank'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 Taichung Commercial Bank'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.