Tongyu Heavy Industry Co., Ltd. engages in the research and development, manufacture, and sale of forgings and castings. It offers wind power generator main shafts, ductile iron casting pipe moulds, cold work rolls, support rolls, steam turbine and generator rotor shafts, crank shafts, marine shafts, pressure pipeline products, supercritical boiler pipes, pressure vessel forgings, machine tool bed products, wind power diesel engine body hubs, forging blanks, ESR and steel ingots, etc., as well as fabrication products and alloys. The company also designs and manufactures various general and non-standard equipment and parts, as well as engages in non-ferrous metal smelting and calendaring business. It serves metallurgy, mining, hydroelectric and thermal power, nuclear and wind power, shipbuilding, petroleum chemical, heavy machinery, marine engineering, aerospace, mould, and other industries. The company was founded in 2002 and is based in Yucheng, China.
Tongyu Heavy Industry Dividend Announcement
• Tongyu Heavy Industry announced a annually dividend of ¥0.03 per ordinary share which will be made payable on 2024-06-20. Ex dividend date: 2024-06-20
• Tongyu Heavy Industry annual dividend for 2024 was ¥0.03
• Tongyu Heavy Industry annual dividend for 2023 was ¥0.03
• Tongyu Heavy Industry's trailing twelve-month (TTM) dividend yield is 0.91%
• Tongyu Heavy Industry's payout ratio for the trailing twelve months (TTM) is 2679.16%
• Tongyu Heavy Industry's dividend growth over the last five years (2018-2023) was -5.59% year
• Tongyu Heavy Industry's dividend growth over the last ten years (2013-2023) was -11.34% year
Tongyu Heavy Industry Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-20 | ¥0.03 | annually | 2024-06-20 |
2023-06-13 | ¥0.03 | annually | 2023-06-13 |
2022-06-07 | ¥0.03 | annually | 2022-06-07 |
2021-07-06 | ¥0.05 | annually | 2021-07-06 |
2020-07-13 | ¥0.04 | annually | 2020-07-13 |
2019-07-09 | ¥0.02 | annually | 2019-07-09 |
2018-07-06 | ¥0.04 | annually | 2018-07-06 |
2017-07-13 | ¥0.04 | annually | 2017-07-13 |
2016-08-30 | ¥0.10 | annually | |
2015-06-12 | ¥0.07 | annually | |
2014-06-19 | ¥0.03 | annually | |
2013-05-30 | ¥0.10 | annually |
Tongyu Heavy Industry Dividend per year
Tongyu Heavy Industry Dividend growth
Tongyu Heavy Industry Dividend Yield
Tongyu Heavy Industry current trailing twelve-month (TTM) dividend yield is 0.91%. Interested in purchasing Tongyu Heavy Industry stock? Use our calculator to estimate your expected dividend yield:
Tongyu Heavy Industry Financial Ratios
Tongyu Heavy Industry Dividend FAQ
Other factors to consider when evaluating Tongyu Heavy Industry 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.
Place an order: Use the brokerage's trading platform to place an order to buy Tongyu Heavy Industry 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.
1. Determination of Dividend: Tongyu Heavy Industry'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, Tongyu Heavy Industry 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, Tongyu Heavy Industry 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 Tongyu Heavy Industry 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: Tongyu Heavy Industry 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, Tongyu Heavy Industry distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Tongyu Heavy Industry 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 Tongyu Heavy Industry'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 Tongyu Heavy Industry'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.