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Voneseals Technology (Shanghai) Inc. engages in the research, development, production, and sale of hydraulic and pneumatic sealing products in China. Its product portfolio includes hydraulic seals and packages, pneumatic seals, oil seals, mine seals, track seals, and other hydraulic seal products. The company's products are used in construction equipment, automotive, mining, oil and gas, and other industries. Voneseals Technology (Shanghai) Inc. was founded in 2008 and is based in Shanghai, China.

Voneseals Technology Dividend Announcement

Voneseals Technology announced a annually dividend of ¥0.06 per ordinary share which will be made payable on 2024-06-04. Ex dividend date: 2024-06-04
Voneseals Technology annual dividend for 2024 was ¥0.06
Voneseals Technology annual dividend for 2023 was ¥0.17
Voneseals Technology's trailing twelve-month (TTM) dividend yield is 0.34%
Voneseals Technology's payout ratio for the trailing twelve months (TTM) is 141.62%

Voneseals Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-04¥0.06annually2024-06-04
2023-06-07¥0.17annually2023-06-07

Voneseals Technology Dividend per year

Voneseals Technology Dividend Yield

Voneseals Technology current trailing twelve-month (TTM) dividend yield is 0.34%. Interested in purchasing Voneseals Technology stock? Use our calculator to estimate your expected dividend yield:

Voneseals Technology Financial Ratios

P/E ratio42.43
PEG ratio5.48
P/B ratio2.19
ROE5.27%
Payout ratio141.62%
Current ratio4.81
Quick ratio3.85
Cash Ratio1.08

Voneseals Technology Dividend FAQ

Does Voneseals Technology stock pay dividends?
Voneseals Technology does not currently pay dividends to its shareholders.
Has Voneseals Technology ever paid a dividend?
No, Voneseals Technology has no a history of paying dividends to its shareholders. Voneseals Technology is not known for its dividend payments.
Why doesn't Voneseals Technology pay dividends?
There are several potential reasons why Voneseals Technology 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 Voneseals Technology 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 Voneseals Technology 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 Voneseals Technology a dividend aristocrat?
Voneseals Technology 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 Voneseals Technology a dividend king?
Voneseals Technology 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 Voneseals Technology a dividend stock?
No, Voneseals Technology 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 Voneseals Technology stocks?
To buy Voneseals Technology 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 Voneseals Technology 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.