TECO Electric & Machinery Co., Ltd. engages in the manufacture, installation, wholesale, and retail of electronic equipment, telecommunication equipment, office equipment, and home appliances worldwide. It offers low, medium, and high voltage motors; system and automation products comprising AC servo driving systems, programmable logic controllers, human-machine interfaces, and robots; electromechanical engineering and power equipment; and household and air conditioning appliances. The company also develops wind turbines, electric cars, and PV power station products; and integrates Internet of Things. In addition, it manufactures and sells switches, busway and related components, touch-tone phone systems, billing boxes, generators, reducers, electric control products, and air conditioners mechanical equipment; invests, research, and develops software and hardware products related to fiber optic communications products; and constructs commercial buildings. Further, the company offers investment consultancy services for domestic and foreign industrial parks and lands; communication network information technology; science park development; develops and sells software; and provides storage and energy technical services. Additionally, it engages in the real estate business; international trading; production of data storage and processing equipment; other mail services; services related to information software, data processing, and electronic information supply; and import, sale, and lease of franking machines. The company was incorporated in 1956 and is headquartered in Taipei, Taiwan.
TECO Electric & Machinery Dividend Announcement
• TECO Electric & Machinery announced a annually dividend of NT$2.20 per ordinary share which will be made payable on 2024-07-15. Ex dividend date: 2024-06-18
• TECO Electric & Machinery annual dividend for 2024 was NT$2.20
• TECO Electric & Machinery annual dividend for 2023 was NT$1.50
• TECO Electric & Machinery's trailing twelve-month (TTM) dividend yield is 4.17%
• TECO Electric & Machinery's payout ratio for the trailing twelve months (TTM) is 90.87%
• TECO Electric & Machinery's dividend growth over the last five years (2018-2023) was 11.77% year
• TECO Electric & Machinery's dividend growth over the last ten years (2013-2023) was 4.14% year
TECO Electric & Machinery Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-18 | NT$2.20 | annually | 2024-07-15 |
2023-06-15 | NT$1.50 | annually | 2023-07-14 |
2022-06-15 | NT$1.35 | annually | 2022-07-15 |
2021-06-09 | NT$1.15 | annually | 2021-07-12 |
2020-06-11 | NT$0.99 | annually | 2020-07-16 |
2019-07-03 | NT$0.90 | annually | 2019-07-31 |
2018-07-05 | NT$0.86 | annually | 2018-07-31 |
2017-07-05 | NT$0.88 | annually | 2017-07-31 |
2016-07-05 | NT$0.80 | annually | |
2015-07-07 | NT$1.10 | annually | |
2014-07-08 | NT$1.10 | annually | |
2013-07-18 | NT$1.00 | annually |
TECO Electric & Machinery Dividend per year
TECO Electric & Machinery Dividend growth
TECO Electric & Machinery Dividend Yield
TECO Electric & Machinery current trailing twelve-month (TTM) dividend yield is 4.17%. Interested in purchasing TECO Electric & Machinery stock? Use our calculator to estimate your expected dividend yield:
TECO Electric & Machinery Financial Ratios
TECO Electric & Machinery Dividend FAQ
Other factors to consider when evaluating TECO Electric & Machinery 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: TECO Electric & Machinery'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, TECO Electric & Machinery 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, TECO Electric & Machinery 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 TECO Electric & Machinery 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: TECO Electric & Machinery 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, TECO Electric & Machinery distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: TECO Electric & Machinery 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 TECO Electric & Machinery'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 TECO Electric & Machinery'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.