Tongkun Group Co., Ltd. manufactures and sells polyester filament yarns in China. The company offers various polyester filament yarns, including polyester pre-oriented, low spamdexed, full draw, and composite yarns; spandex covered yarns; two-component elastic yarns; polybutylene terephthalate matte high elastic yarns; medium-strength polyester yarn as high-performance sewing threads; imitated hemp yarns; blanket plush yarns; and cationic modified polyester under the GOLDENCOCK and Tongkun brand names. It also exports its products to South America, Europe, the Middle East, South Africa, South Korea, and Vietnam. The company was founded in 1981 and is headquartered in Tongxiang, China.
Tongkun Dividend Announcement
• Tongkun announced a annually dividend of ¥0.04 per ordinary share which will be made payable on 2024-07-17. Ex dividend date: 2024-07-17
• Tongkun annual dividend for 2024 was ¥0.04
• Tongkun's trailing twelve-month (TTM) dividend yield is 0.35%
• Tongkun's payout ratio for the trailing twelve months (TTM) is 119.58%
Tongkun Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-17 | ¥0.04 | annually | 2024-07-17 |
2022-07-07 | ¥0.33 | annually | 2022-07-07 |
2021-07-07 | ¥0.13 | annually | 2021-07-07 |
2020-07-08 | ¥0.23 | annually | 2020-07-08 |
2019-04-30 | ¥0.12 | annually | 2019-04-30 |
2018-05-15 | ¥0.14 | annually | 2018-05-15 |
2017-06-20 | ¥0.28 | annually | 2017-06-20 |
2016-10-14 | ¥0.05 | annually | |
2015-07-03 | ¥0.04 | annually | |
2014-07-03 | ¥0.02 | annually | |
2013-04-23 | ¥0.10 | annually | |
2011-09-06 | ¥0.80 | annually |
Tongkun Dividend per year
Tongkun Dividend growth
Tongkun Dividend Yield
Tongkun current trailing twelve-month (TTM) dividend yield is 0.35%. Interested in purchasing Tongkun stock? Use our calculator to estimate your expected dividend yield:
Tongkun Financial Ratios
Tongkun Dividend FAQ
Other factors to consider when evaluating Tongkun 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: Tongkun'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, Tongkun 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, Tongkun 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 Tongkun 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: Tongkun 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, Tongkun distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tongkun 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 Tongkun'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 Tongkun'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.