Wetown Electric Group Co., Ltd. engages in the research, development, production, and sale of electrical products in China, South-East Asia, Australia, South America, Africa, and internationally. It offers low and high voltage, wind and nuclear power, and resin casting busway products, as well as other related products; distribution products, including high and low voltage switchgear, box-type substation, distribution boxes, and others; and photovoltaic welding belts, fluxes, and other products that are used in photovoltaic module industry. The company offers copper and aluminum raw materials for bus bar manufacturing and related industries, as well as tin-coated copper strip used in photovoltaic solar module industry; new material products, including rail transit embedded channel, pipe gallery support, anti-seismic support suspension, photovoltaic support, and others; cable tray products, such as steel, aluminum alloy, and data center cable trays, as well as other related products; and mesh trays, optical fiber channels, wiring frames, wire fixers, and other products. It serves government building, financial real estate, wind power, petrochemicals, ferrous metallurgy, ship, city hotel, machine, power, car manufacturer, tobacco, paper, hospital, IT, data center, communications, food, transportation, clothing textile, and photovoltaic industries. Wetown Electric Group Co., Ltd. was founded in 1986 and is based in Yangzhong, China.
Wetown Electric Dividend Announcement
• Wetown Electric announced a annually dividend of ¥0.23 per ordinary share which will be made payable on 2024-06-21. Ex dividend date: 2024-06-21
• Wetown Electric annual dividend for 2024 was ¥0.23
• Wetown Electric annual dividend for 2023 was ¥0.14
• Wetown Electric's trailing twelve-month (TTM) dividend yield is 1.36%
• Wetown Electric's payout ratio for the trailing twelve months (TTM) is 45.53%
Wetown Electric Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-06-21 | ¥0.23 | annually | 2024-06-21 |
| 2023-06-16 | ¥0.14 | annually | 2023-06-16 |
| 2022-06-13 | ¥0.12 | annually | 2022-06-13 |
Wetown Electric Dividend per year
Wetown Electric Dividend growth
Wetown Electric Dividend Yield
Wetown Electric current trailing twelve-month (TTM) dividend yield is 1.36%. Interested in purchasing Wetown Electric stock? Use our calculator to estimate your expected dividend yield:
Wetown Electric Financial Ratios
P/E ratio19.92
PEG ratio-3.30
P/B ratio2.45
ROE12.66%
Payout ratio45.53%
Current ratio1.25
Quick ratio1.12
Cash Ratio0.10
Wetown Electric Dividend FAQ
How much is the next Wetown Electric dividend?
Wetown Electric's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Wetown Electric dividend. The next Wetown Electric dividend will be released in June.
When is Wetown Electric dividend paid?
Wetown Electric 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 Wetown Electric pay?
The specific amount of Wetown Electric 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 Wetown Electric's dividend history.
Does Wetown Electric stock pay dividends?
Yes, Wetown Electric 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 Wetown Electric's dividend history.
How much dividend does Wetown Electric pay?
Wetown Electric paid ¥0.233 in 2024, ¥0.138 in 2023, ¥0.125 in 2022, ¥0.0 in 2021, and ¥0.0 in 2020.
How often does Wetown Electric pay dividends?
Wetown Electric 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 Wetown Electric's dividend yield?
The current dividend yield for Wetown Electric is 1.36%. 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 Wetown Electric's exact dividend yield.
When does Wetown Electric go ex dividend?
Wetown Electric's ex-dividend date for the latest dividend was on 2024-06-21. Wetown Electric 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 Wetown Electric dividend paid?
Wetown Electric pays dividends on a annually basis, typically around June, but the exact dates can vary each year.
Will Wetown Electric 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 Wetown Electric 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 Wetown Electric dividend per share?
Wetown Electric paid ¥0.233 per share in 2024 and ¥0.138 per share in 2023. The amount of dividend per share that Wetown Electric 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 Wetown Electric 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 Wetown Electric 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 Wetown Electric a dividend stock?
Yes, Wetown Electric is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Wetown Electric a good dividend stock?
Whether Wetown Electric is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Wetown Electric has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Wetown Electric 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 Wetown Electric 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 Wetown Electric pay dividends monthly?
Wetown Electric typically pays dividends on a annually basis.
Does Wetown Electric pay dividends quarterly?
Wetown Electric currently pays dividends on a annually basis.
Has Wetown Electric ever paid a dividend?
Yes, Wetown Electric has a history of paying dividends to its shareholders. Wetown Electric is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Wetown Electric dividend stocks?
To buy Wetown Electric 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 Wetown Electric 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 Wetown Electric 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 Wetown Electric pay dividends 2024?
Wetown Electric pays dividends on a annually basis. 2024 dividend payments are in 2024-06-21. 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 Wetown Electric increase its dividend in 2024?
Decisions regarding Wetown Electric 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 Wetown Electric dividend overview you can look into the above table of dividend history.
How Wetown Electric dividend works?
The Wetown Electric 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 Wetown Electric's dividend process works:
1. Determination of Dividend: Wetown Electric'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, Wetown Electric 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, Wetown Electric 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 Wetown Electric 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: Wetown Electric'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, Wetown Electric 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, Wetown Electric 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 Wetown Electric 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 Wetown Electric dividends paid?
Wetown Electric dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Wetown Electric 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, Wetown Electric distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Wetown Electric 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: Wetown Electric 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, Wetown Electric distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Wetown Electric 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 Wetown Electric pay dividends?
Wetown Electric 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 Wetown Electric pay dividends?
The general pattern is that Wetown Electric 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 Wetown Electric dividend safe?
The safety of Wetown Electric'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 Wetown Electric'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 Wetown Electric'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 Wetown Electric'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 Wetown Electric'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.