Tong Ming Enterprise Co., Ltd., together with its subsidiaries, manufactures and sells stainless steel fasteners and wires under the TONG brand name primarily in Mainland China. The company offers fasteners, such as screws, nuts, and threaded rods for use in mechanical engineering, energy, communication, and construction fields; and stainless steel wires, which are used as customized raw materials for manufacturing small sized screws, kitchen supplies, wire belts, redrawing wires, and springs. It also engages in investment business. The company was founded in 2009 and is headquartered in Grand Cayman, the Cayman Islands.
Tong Ming Enterprise Dividend Announcement
• Tong Ming Enterprise announced a annually dividend of NT$1.00 per ordinary share which will be made payable on 2024-08-08. Ex dividend date: 2024-07-08
• Tong Ming Enterprise annual dividend for 2024 was NT$1.00
• Tong Ming Enterprise annual dividend for 2023 was NT$2.00
• Tong Ming Enterprise's trailing twelve-month (TTM) dividend yield is 2.87%
• Tong Ming Enterprise's payout ratio for the trailing twelve months (TTM) is 109.27%
• Tong Ming Enterprise's dividend growth over the last five years (2018-2023) was -3.77% year
Tong Ming Enterprise Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-08 | NT$1.00 | annually | 2024-08-08 |
2023-06-28 | NT$2.00 | annually | 2023-07-25 |
2022-07-08 | NT$3.20 | annually | 2022-08-10 |
2021-08-03 | NT$1.78 | annually | 2021-08-31 |
2020-07-13 | NT$1.45 | annually | 2020-08-13 |
2019-07-10 | NT$1.94 | annually | 2019-08-07 |
2018-07-13 | NT$2.42 | annually | 2018-08-13 |
2017-07-18 | NT$1.94 | annually | 2017-08-16 |
2016-07-25 | NT$0.97 | annually | |
2015-07-16 | NT$2.13 | annually | |
2014-08-26 | NT$1.21 | annually |
Tong Ming Enterprise Dividend per year
Tong Ming Enterprise Dividend growth
Tong Ming Enterprise Dividend Yield
Tong Ming Enterprise current trailing twelve-month (TTM) dividend yield is 2.87%. Interested in purchasing Tong Ming Enterprise stock? Use our calculator to estimate your expected dividend yield:
Tong Ming Enterprise Financial Ratios
Tong Ming Enterprise Dividend FAQ
Other factors to consider when evaluating Tong Ming Enterprise 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: Tong Ming Enterprise'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, Tong Ming Enterprise 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, Tong Ming Enterprise 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 Tong Ming Enterprise 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: Tong Ming Enterprise 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, Tong Ming Enterprise distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tong Ming Enterprise 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 Tong Ming Enterprise'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 Tong Ming Enterprise'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.