Tongling Nonferrous Metals Group Co., Ltd. engages in the exploration, mining, smelting, and processing of copper. The company offers copper cathodes, copper processing materials, copper flat wires, low oxygen copper rods, anodic phosphor bronzes, enameled round copper wires, cables, brass bars, precision copper and copper alloy plates, paper bag flat wires, enameled copper flat wires, transposed wires, and electronic copper foils. It also provides silver, sulfur concentrate products, monosulfide, sulfuric acid, crude nickel sulfate, mineral products, gold and concentrates, iron powder and pellets, and converter slag iron products. The company was founded in 1992 and is based in Tongling, China.
Tongling Nonferrous Metals Dividend Announcement
• Tongling Nonferrous Metals announced a annually dividend of ¥0.08 per ordinary share which will be made payable on 2024-06-07. Ex dividend date: 2024-06-07
• Tongling Nonferrous Metals annual dividend for 2024 was ¥0.08
• Tongling Nonferrous Metals annual dividend for 2023 was ¥0.05
• Tongling Nonferrous Metals's trailing twelve-month (TTM) dividend yield is 2.23%
• Tongling Nonferrous Metals's payout ratio for the trailing twelve months (TTM) is 75.59%
• Tongling Nonferrous Metals's dividend growth over the last five years (2018-2023) was 20.11% year
Tongling Nonferrous Metals Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-07 | ¥0.08 | annually | 2024-06-07 |
2023-06-02 | ¥0.05 | annually | 2023-06-02 |
2022-05-23 | ¥0.10 | annually | 2022-05-23 |
2021-05-31 | ¥0.04 | annually | 2021-05-31 |
2020-06-22 | ¥0.01 | annually | 2020-06-22 |
2019-05-30 | ¥0.03 | annually | 2019-05-30 |
2018-06-15 | ¥0.02 | annually | 2018-06-15 |
2015-09-24 | ¥0.06 | annually | |
2015-06-02 | ¥0.05 | annually | |
2014-05-29 | ¥0.10 | annually | |
2013-05-14 | ¥0.10 | annually | |
2012-06-06 | ¥0.10 | annually | |
2011-06-24 | ¥0.10 | annually |
Tongling Nonferrous Metals Dividend per year
Tongling Nonferrous Metals Dividend growth
Tongling Nonferrous Metals Dividend Yield
Tongling Nonferrous Metals current trailing twelve-month (TTM) dividend yield is 2.23%. Interested in purchasing Tongling Nonferrous Metals stock? Use our calculator to estimate your expected dividend yield:
Tongling Nonferrous Metals Financial Ratios
Tongling Nonferrous Metals Dividend FAQ
Other factors to consider when evaluating Tongling Nonferrous Metals 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: Tongling Nonferrous Metals'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, Tongling Nonferrous Metals 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, Tongling Nonferrous Metals 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 Tongling Nonferrous Metals 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: Tongling Nonferrous Metals 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, Tongling Nonferrous Metals distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tongling Nonferrous Metals 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 Tongling Nonferrous Metals'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 Tongling Nonferrous Metals'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.