Thai Steel Cable Public Company Limited manufactures and distributes automobile and motorcycle control cables, and automobile window regulators in Thailand. Its products include accelerator, door lock, fuel lid opener, hood release, key inter lock, parking brake, seat belt, transmission, manual parking release, trunk opener, and engine start cables; and motorcycle products comprise brake, clutch, seat lock, speed meter, tachometer, and throttle cables. The company serves automobile and motorcycle manufacturers, and spare parts centers. It also exports its products. Thai Steel Cable Public Company Limited was founded in 1978 and is based in Chonburi, Thailand.
Thai Steel Cable Dividend Announcement
• Thai Steel Cable announced a semi annually dividend of ฿0.40 per ordinary share which will be made payable on 2024-06-06. Ex dividend date: 2024-05-20
• Thai Steel Cable annual dividend for 2024 was ฿1.20
• Thai Steel Cable annual dividend for 2023 was ฿1.00
• Thai Steel Cable's trailing twelve-month (TTM) dividend yield is 8.39%
• Thai Steel Cable's payout ratio for the trailing twelve months (TTM) is 97.79%
• Thai Steel Cable's dividend growth over the last five years (2018-2023) was 1.03% year
• Thai Steel Cable's dividend growth over the last ten years (2013-2023) was 2.26% year
Thai Steel Cable Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-20 | ฿0.40 | semi annually | 2024-06-06 |
2024-02-01 | ฿0.80 | semi annually | 2024-02-22 |
2023-05-23 | ฿0.40 | semi annually | 2023-06-08 |
2023-02-02 | ฿0.60 | semi annually | 2023-02-24 |
2022-05-24 | ฿0.40 | semi annually | 2022-06-09 |
2022-02-03 | ฿0.60 | semi annually | 2022-02-25 |
2021-05-24 | ฿0.40 | semi annually | 2021-06-09 |
2021-01-28 | ฿0.50 | semi annually | 2021-02-19 |
2020-01-28 | ฿0.60 | semi annually | 2020-02-21 |
2019-05-22 | ฿0.40 | semi annually | 2019-06-07 |
2019-01-28 | ฿0.60 | semi annually | 2019-02-21 |
2018-05-23 | ฿0.40 | semi annually | 2018-06-08 |
2018-01-26 | ฿0.55 | semi annually | 2018-02-22 |
2017-05-23 | ฿0.25 | semi annually | 2017-06-09 |
2017-01-27 | ฿0.25 | semi annually | 2017-02-23 |
2016-05-19 | ฿0.25 | semi annually | |
2016-02-01 | ฿0.30 | semi annually | |
2015-05-25 | ฿0.20 | semi annually | |
2015-01-30 | ฿0.50 | semi annually | |
2014-01-31 | ฿0.50 | semi annually | |
2013-05-22 | ฿0.30 | semi annually | |
2013-02-05 | ฿0.50 | semi annually |
Thai Steel Cable Dividend per year
Thai Steel Cable Dividend growth
Thai Steel Cable Dividend Yield
Thai Steel Cable current trailing twelve-month (TTM) dividend yield is 8.39%. Interested in purchasing Thai Steel Cable stock? Use our calculator to estimate your expected dividend yield:
Thai Steel Cable Financial Ratios
Thai Steel Cable Dividend FAQ
Other factors to consider when evaluating Thai Steel Cable 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: Thai Steel Cable'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, Thai Steel Cable 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, Thai Steel Cable 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 Thai Steel Cable 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: Thai Steel Cable 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, Thai Steel Cable distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Thai Steel Cable 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 Thai Steel Cable'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 Thai Steel Cable'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.