Tongwei Co., Ltd. produces and sells feed products in China and internationally. It offers aquatic feed products, including grass carp, crap, crucian, catfish, tilapia, bream, bigmouth, Jiang Tuan, sturgeon, and herring feed, as well as aquatic premix; livestock feed products, such as duck and chicken feed, pig food, and premix for poultry and pigs; aquatic seed products; and medicine products, including Chinese medicine, external disinfection, topical insecticides, and oral vitamins and antibiotics. The company also provides food products, such as fresh and frozen fish, meat, pig, and duck; and farming machinery comprising sow feeders, automatic separators, heat detectors, material towers, auger feed lines, plug trays, nursery and fattening feeders, quantitative buckets, and monomer feeders. In addition, it engages in the aquatic products research, aquaculture, animal health, food processing, and other activities. The company was founded in 1982 and is based in Chengdu, China. Tongwei Co., Ltd. is a subsidiary of Tongwei Group Co., Ltd.
Tongwei Dividend Announcement
• Tongwei announced a annually dividend of ¥0.91 per ordinary share which will be made payable on 2024-06-14. Ex dividend date: 2024-06-14
• Tongwei annual dividend for 2024 was ¥0.91
• Tongwei annual dividend for 2023 was ¥2.86
• Tongwei's trailing twelve-month (TTM) dividend yield is 3.52%
• Tongwei's payout ratio for the trailing twelve months (TTM) is -267.13%
• Tongwei's dividend growth over the last five years (2018-2023) was 77.99% year
• Tongwei's dividend growth over the last ten years (2013-2023) was 39.83% year
Tongwei Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-14 | ¥0.91 | annually | 2024-06-14 |
2023-05-31 | ¥2.86 | annually | 2023-05-31 |
2022-05-30 | ¥0.91 | annually | 2022-05-30 |
2021-05-21 | ¥0.24 | annually | 2021-05-21 |
2020-05-26 | ¥0.19 | annually | 2020-05-26 |
2019-05-23 | ¥0.16 | annually | 2019-05-23 |
2018-05-04 | ¥0.16 | annually | 2018-05-04 |
2017-06-15 | ¥0.08 | annually | 2017-06-15 |
2016-05-19 | ¥0.12 | annually | |
2015-05-19 | ¥0.20 | annually | |
2014-06-17 | ¥0.30 | annually | |
2013-05-22 | ¥0.10 | annually |
Tongwei Dividend per year
Tongwei Dividend growth
Tongwei Dividend Yield
Tongwei current trailing twelve-month (TTM) dividend yield is 3.52%. Interested in purchasing Tongwei stock? Use our calculator to estimate your expected dividend yield:
Tongwei Financial Ratios
Tongwei Dividend FAQ
Other factors to consider when evaluating Tongwei 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: Tongwei'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, Tongwei 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, Tongwei 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 Tongwei 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: Tongwei 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, Tongwei distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tongwei 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 Tongwei'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 Tongwei'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.