company-logo

Triocean Industrial Corporation Co., Ltd. produces and sells polypropylene filament yarns and fabrics worldwide. It also engages in the wholesale and trading of building materials; general investment; furniture and construction business; and generation, transmission, and distribution of electricity. The company was formerly known as Tri Ocean Textile Co., Ltd. and changed its name to Triocean Industrial Corporation Co., Ltd. in September 2021. Triocean Industrial Corporation Co., Ltd. was founded in 1957 and is based in Kaohsiung, Taiwan.

Triocean Industrial Dividend Announcement

Triocean Industrial announced a annually dividend of NT$2.00 per ordinary share which will be made payable on 2024-07-17. Ex dividend date: 2024-06-13
Triocean Industrial annual dividend for 2024 was NT$2.00
Triocean Industrial's trailing twelve-month (TTM) dividend yield is 3.16%

Triocean Industrial Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-13NT$2.00annually2024-07-17
2003-12-18NT$0.10annually

Triocean Industrial Dividend per year

Triocean Industrial Dividend Yield

Triocean Industrial current trailing twelve-month (TTM) dividend yield is 3.16%. Interested in purchasing Triocean Industrial stock? Use our calculator to estimate your expected dividend yield:

Triocean Industrial Financial Ratios

P/E ratio23.41
PEG ratio-0.59
P/B ratio1.60
ROE8.57%
Payout ratio0.00%
Current ratio2.32
Quick ratio2.32
Cash Ratio0.82

Triocean Industrial Dividend FAQ

Does Triocean Industrial stock pay dividends?
Triocean Industrial does not currently pay dividends to its shareholders.
Has Triocean Industrial ever paid a dividend?
No, Triocean Industrial has no a history of paying dividends to its shareholders. Triocean Industrial is not known for its dividend payments.
Why doesn't Triocean Industrial pay dividends?
There are several potential reasons why Triocean Industrial would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Triocean Industrial ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Triocean Industrial has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Triocean Industrial a dividend aristocrat?
Triocean Industrial is not considered a Dividend Aristocrat. 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 Triocean Industrial a dividend king?
Triocean Industrial is not classified as a "Dividend King". 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 Triocean Industrial a dividend stock?
No, Triocean Industrial is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Triocean Industrial stocks?
To buy Triocean Industrial 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 and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Triocean Industrial 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.