Wolong Electric Group Co.,Ltd. manufactures and sells motors and control devices, power transmission and supply equipment, and power batteries worldwide. The company offers low voltage IEC and NEMA motors; medium/high voltage motors, including rib and tube cooled, modular, special, and synchronous motors; and home appliance motors, such as air conditioner, washing machine, garden machine, and kitchen motors. It also provides low and high voltage variable speed drives; synchronous and asynchronous generators; and industrial automation products comprising servo motors, robots, and spindles, as well as motors for electric vehicles. The company serves various industries, including automotive, chemical, home appliance, marine, mining, oil and gas, power generation, water and waste water, infrastructure, pulp and paper, and rail, as well as heating, ventilation, and air conditioning. The company was formerly known as Wolong Electric Group Co., Ltd. Wolong Electric Group Co.,Ltd. was founded in 1984 and is based in Shaoxing, China.
Wolong Electric Dividend Announcement
• Wolong Electric announced a annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-07-15. Ex dividend date: 2024-07-15
• Wolong Electric annual dividend for 2024 was ¥0.10
• Wolong Electric annual dividend for 2023 was ¥0.15
• Wolong Electric's trailing twelve-month (TTM) dividend yield is 0.64%
• Wolong Electric's payout ratio for the trailing twelve months (TTM) is 148.82%
• Wolong Electric's dividend growth over the last five years (2018-2023) was 8.45% year
• Wolong Electric's dividend growth over the last ten years (2013-2023) was 10.55% year
Wolong Electric Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-15 | ¥0.10 | annually | 2024-07-15 |
2023-07-17 | ¥0.15 | annually | 2023-07-17 |
2022-07-25 | ¥0.15 | annually | 2022-07-25 |
2021-07-19 | ¥0.15 | annually | 2021-07-19 |
2020-06-09 | ¥0.15 | annually | 2020-06-09 |
2019-06-21 | ¥0.15 | annually | 2019-06-21 |
2018-06-26 | ¥0.10 | annually | 2018-06-26 |
2017-06-26 | ¥0.03 | annually | 2017-06-26 |
2016-06-22 | ¥0.07 | annually | |
2015-06-12 | ¥0.06 | annually | |
2014-06-20 | ¥0.10 | annually | |
2013-04-23 | ¥0.06 | annually |
Wolong Electric Dividend per year
Wolong Electric Dividend growth
Wolong Electric Dividend Yield
Wolong Electric current trailing twelve-month (TTM) dividend yield is 0.64%. Interested in purchasing Wolong Electric stock? Use our calculator to estimate your expected dividend yield:
Wolong Electric Financial Ratios
Wolong Electric Dividend FAQ
Other factors to consider when evaluating Wolong 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.
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1. Determination of Dividend: Wolong 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, Wolong 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, Wolong 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 Wolong 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. Record Date: Wolong 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, Wolong 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: Wolong 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.
To assess the safety of Wolong 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 Wolong 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.