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 3.96%
• Tongwei's payout ratio for the trailing twelve months (TTM) is -621.85%
• 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 3.96%. Interested in purchasing Tongwei stock? Use our calculator to estimate your expected dividend yield:
Tongwei Financial Ratios
P/E ratio-35.97
PEG ratio-0.90
P/B ratio1.91
ROE-4.71%
Payout ratio-621.85%
Current ratio1.23
Quick ratio1.05
Cash Ratio0.32
Tongwei Dividend FAQ
How much is the next Tongwei dividend?
Tongwei's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Tongwei dividend. The next Tongwei dividend will be released in May.
When is Tongwei dividend paid?
Tongwei pays dividends on a annually basis. The specific dates may vary each year but are generally around May. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Tongwei pay?
The specific amount of Tongwei dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Tongwei's dividend history.
Does Tongwei stock pay dividends?
Yes, Tongwei does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Tongwei's dividend history.
How much dividend does Tongwei pay?
Tongwei paid ¥0.905 in 2024, ¥2.858 in 2023, ¥0.912 in 2022, ¥0.241 in 2021, and ¥0.186 in 2020.
How often does Tongwei pay dividends?
Tongwei typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around May.
What is Tongwei's dividend yield?
The current dividend yield for Tongwei is 3.96%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Tongwei's exact dividend yield.
When does Tongwei go ex dividend?
Tongwei's ex-dividend date for the latest dividend was on 2024-06-14. Tongwei typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Tongwei dividend paid?
Tongwei pays dividends on a annually basis, typically around May, but the exact dates can vary each year.
Will Tongwei increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Tongwei will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Tongwei dividend per share?
Tongwei paid ¥0.905 per share in 2024 and ¥2.858 per share in 2023. The amount of dividend per share that Tongwei pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Tongwei a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Tongwei a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Tongwei a dividend stock?
Yes, Tongwei is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Tongwei a good dividend stock?
Whether Tongwei is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Tongwei has a history of paying regular dividends, which can make it attractive to income-focused investors.
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.
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.
Does Tongwei pay dividends monthly?
Tongwei typically pays dividends on a annually basis.
Does Tongwei pay dividends quarterly?
Tongwei currently pays dividends on a annually basis.
Has Tongwei ever paid a dividend?
Yes, Tongwei has a history of paying dividends to its shareholders. Tongwei is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Tongwei dividend stocks?
To buy Tongwei you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Tongwei stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Tongwei stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Tongwei pay dividends 2024?
Tongwei pays dividends on a annually basis. 2024 dividend payments are in 2024-06-14. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Tongwei increase its dividend in 2024?
Decisions regarding Tongwei dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Tongwei dividend overview you can look into the above table of dividend history.
How Tongwei dividend works?
The Tongwei dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Tongwei's dividend process works:
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. 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.
How are Tongwei dividends paid?
Tongwei dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
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.
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.
How many times does Tongwei pay dividends?
Tongwei typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Tongwei pay dividends?
The general pattern is that Tongwei pays dividends around May. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Tongwei dividend safe?
The safety of Tongwei's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
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.
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.