Tianjin Ruixin Technology Co.,Ltd engages in the research and development, production, and sales of industrial precision aluminum alloy parts and components in China and internationally. It processes aluminum alloy parts. The company's products include pressing, heat transmission heatsink, communication heatsink, standard heatsink, aluminum precision parts, GPS heatsink, electromagnetic shielding shell, high finned heatsink, battery power supply heatsink, medium voltage drive heatsink, moto housing, heatsink samples, pump body, industrial profile, TV station heatsink, filter housing, LED heatsink, inserted fins assembly heatsink, train traction heatsink, and actuator housing. Its products are used in various applications, such as industrial automation and medical equipment, clean energy power generation, automotive lightweight, and new energy vehicles. The company was formerly known as Tianjin Ruixinchang Light Alloy Co., Ltd. and changed its name to Tianjin Ruixin Technology Co.,Ltd in November 2017. Tianjin Ruixin Technology Co.,Ltd was founded in 2004 and is headquartered in Tianjin, China.
Tianjin Ruixin Technology Dividend Announcement
• Tianjin Ruixin Technology announced a semi annually dividend of ¥0.15 per ordinary share which will be made payable on 2024-05-29. Ex dividend date: 2024-05-29
• Tianjin Ruixin Technology annual dividend for 2024 was ¥0.15
• Tianjin Ruixin Technology annual dividend for 2023 was ¥0.80
• Tianjin Ruixin Technology's trailing twelve-month (TTM) dividend yield is 4.07%
• Tianjin Ruixin Technology's payout ratio for the trailing twelve months (TTM) is 172.14%
Tianjin Ruixin Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-29 | ¥0.15 | semi annually | 2024-05-29 |
2023-11-22 | ¥0.40 | semi annually | 2023-11-22 |
2023-05-19 | ¥0.40 | semi annually | 2023-05-19 |
2022-05-20 | ¥0.60 | semi annually | 2022-05-20 |
2021-06-01 | ¥0.30 | semi annually | 2021-06-01 |
2020-07-08 | ¥0.25 | semi annually | 2020-07-08 |
Tianjin Ruixin Technology Dividend per year
Tianjin Ruixin Technology Dividend growth
Tianjin Ruixin Technology Dividend Yield
Tianjin Ruixin Technology current trailing twelve-month (TTM) dividend yield is 4.07%. Interested in purchasing Tianjin Ruixin Technology stock? Use our calculator to estimate your expected dividend yield:
Tianjin Ruixin Technology Financial Ratios
Tianjin Ruixin Technology Dividend FAQ
Other factors to consider when evaluating Tianjin Ruixin Technology 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: Tianjin Ruixin Technology'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, Tianjin Ruixin Technology 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, Tianjin Ruixin Technology 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 Tianjin Ruixin Technology 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: Tianjin Ruixin Technology 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, Tianjin Ruixin Technology distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tianjin Ruixin Technology 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 Tianjin Ruixin Technology'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 Tianjin Ruixin Technology'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.