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Thai Energy Storage Technology Public Company Limited manufactures and distributes batteries in Thailand and internationally. It provides automotive, motorcycle, traction, EB, forklift, lighting, and golf cart batteries. The company was founded in 1986 and is based in Mueang Samut Prakan, Thailand. Thai Energy Storage Technology Public Company Limited is a subsidiary of Sustainable Battery Solutions, Inc.

Thai Energy Storage Technology Dividend Announcement

Thai Energy Storage Technology announced a annually dividend of ฿0.25 per ordinary share which will be made payable on 2024-08-16. Ex dividend date: 2024-06-27
Thai Energy Storage Technology annual dividend for 2024 was ฿0.25
Thai Energy Storage Technology annual dividend for 2023 was ฿0.25
Thai Energy Storage Technology's trailing twelve-month (TTM) dividend yield is 0.47%
Thai Energy Storage Technology's payout ratio for the trailing twelve months (TTM) is -185.66%

Thai Energy Storage Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-27฿0.25annually2024-08-16
2023-06-28฿0.25annually
2022-06-15฿0.06annually
2022-03-29฿0.25annually
2021-03-23฿0.25annually

Thai Energy Storage Technology Dividend per year

Thai Energy Storage Technology Dividend growth

Thai Energy Storage Technology Dividend Yield

Thai Energy Storage Technology current trailing twelve-month (TTM) dividend yield is 0.47%. Interested in purchasing Thai Energy Storage Technology stock? Use our calculator to estimate your expected dividend yield:

Thai Energy Storage Technology Financial Ratios

P/E ratio-399.00
PEG ratio-9.19
P/B ratio1.81
ROE-0.45%
Payout ratio-185.66%
Current ratio2.13
Quick ratio1.39
Cash Ratio0.73

Thai Energy Storage Technology Dividend FAQ

Does Thai Energy Storage Technology stock pay dividends?
Thai Energy Storage Technology does not currently pay dividends to its shareholders.
Has Thai Energy Storage Technology ever paid a dividend?
No, Thai Energy Storage Technology has no a history of paying dividends to its shareholders. Thai Energy Storage Technology is not known for its dividend payments.
Why doesn't Thai Energy Storage Technology pay dividends?
There are several potential reasons why Thai Energy Storage Technology would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Thai Energy Storage Technology ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Thai Energy Storage Technology has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Thai Energy Storage Technology a dividend aristocrat?
Thai Energy Storage Technology is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Thai Energy Storage Technology a dividend king?
Thai Energy Storage Technology is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Thai Energy Storage Technology a dividend stock?
No, Thai Energy Storage Technology is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Thai Energy Storage Technology stocks?
To buy Thai Energy Storage Technology you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Thai Energy Storage Technology stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.