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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 dateDividend amountDividend typePay date
2024-06-20¥0.03annually2024-06-20
2023-06-13¥0.03annually2023-06-13
2022-06-07¥0.03annually2022-06-07
2021-07-06¥0.05annually2021-07-06
2020-07-13¥0.04annually2020-07-13
2019-07-09¥0.02annually2019-07-09
2018-07-06¥0.04annually2018-07-06
2017-07-13¥0.04annually2017-07-13
2016-08-30¥0.10annually
2015-06-12¥0.07annually
2014-06-19¥0.03annually
2013-05-30¥0.10annually

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

P/E ratio1318.32
PEG ratio-50.33
P/B ratio1.52
ROE0.12%
Payout ratio2679.16%
Current ratio1.27
Quick ratio0.74
Cash Ratio0.19

Tongyu Heavy Industry Dividend FAQ

How much is the next Tongyu Heavy Industry dividend?
Tongyu Heavy Industry's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Tongyu Heavy Industry dividend. The next Tongyu Heavy Industry dividend will be released in June.
When is Tongyu Heavy Industry dividend paid?
Tongyu Heavy Industry pays dividends on a annually basis. The specific dates may vary each year but are generally around June. 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 Tongyu Heavy Industry pay?
The specific amount of Tongyu Heavy Industry 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 Tongyu Heavy Industry's dividend history.
Does Tongyu Heavy Industry stock pay dividends?
Yes, Tongyu Heavy Industry 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 Tongyu Heavy Industry's dividend history.
How much dividend does Tongyu Heavy Industry pay?
Tongyu Heavy Industry paid ¥0.025 in 2024, ¥0.03 in 2023, ¥0.03 in 2022, ¥0.05 in 2021, and ¥0.04 in 2020.
How often does Tongyu Heavy Industry pay dividends?
Tongyu Heavy Industry 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 June.
What is Tongyu Heavy Industry's dividend yield?
The current dividend yield for Tongyu Heavy Industry is 0.91%. 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 Tongyu Heavy Industry's exact dividend yield.
When does Tongyu Heavy Industry go ex dividend?
Tongyu Heavy Industry's ex-dividend date for the latest dividend was on 2024-06-20. Tongyu Heavy Industry 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 Tongyu Heavy Industry dividend paid?
Tongyu Heavy Industry pays dividends on a annually basis, typically around June, but the exact dates can vary each year.
Will Tongyu Heavy Industry 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 Tongyu Heavy Industry 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 Tongyu Heavy Industry dividend per share?
Tongyu Heavy Industry paid ¥0.025 per share in 2024 and ¥0.03 per share in 2023. The amount of dividend per share that Tongyu Heavy Industry 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 Tongyu Heavy Industry 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 Tongyu Heavy Industry 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 Tongyu Heavy Industry a dividend stock?
Yes, Tongyu Heavy Industry is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Tongyu Heavy Industry a good dividend stock?
Whether Tongyu Heavy Industry is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Tongyu Heavy Industry has a history of paying regular dividends, which can make it attractive to income-focused investors.

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.
Does Tongyu Heavy Industry pay dividends monthly?
Tongyu Heavy Industry typically pays dividends on a annually basis.
Does Tongyu Heavy Industry pay dividends quarterly?
Tongyu Heavy Industry currently pays dividends on a annually basis.
Has Tongyu Heavy Industry ever paid a dividend?
Yes, Tongyu Heavy Industry has a history of paying dividends to its shareholders. Tongyu Heavy Industry is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Tongyu Heavy Industry dividend stocks?
To buy Tongyu Heavy Industry 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 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.
When does Tongyu Heavy Industry pay dividends 2024?
Tongyu Heavy Industry pays dividends on a annually basis. 2024 dividend payments are in 2024-06-20. 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 Tongyu Heavy Industry increase its dividend in 2024?
Decisions regarding Tongyu Heavy Industry 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 Tongyu Heavy Industry dividend overview you can look into the above table of dividend history.
How Tongyu Heavy Industry dividend works?
The Tongyu Heavy Industry 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 Tongyu Heavy Industry's dividend process works:

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.
How are Tongyu Heavy Industry dividends paid?
Tongyu Heavy Industry dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

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.
How many times does Tongyu Heavy Industry pay dividends?
Tongyu Heavy Industry 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 Tongyu Heavy Industry pay dividends?
The general pattern is that Tongyu Heavy Industry pays dividends around June. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Tongyu Heavy Industry dividend safe?
The safety of Tongyu Heavy Industry'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 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.