Wuxi Best Precision Machinery Co., Ltd., engages in the research, development, production, and sale of precision parts, intelligent equipment, and tooling products in China. It offers turbocharger precision bearing parts, impellers, intermediate casing, and compressor casings; and engine cylinder blocks and other automobiles parts for fuel and hybrid vehicles. The company also provides electric vehicle on-board charger and DC converter components, and steering knuckles, as well as new energy vehicles parts, such as hydrogen fuel cell vehicle air compressor impellers, air compressor pressure recovery and rectifiers, motor housings, bearing covers, and functional components parts. In addition, it offers aircraft cabin parts including seat components and connectors; intelligent equipment and tooling used in automobiles, rail transit, and other fields; intelligent manufacturing system integration products, such as automatic drilling and riveting systems for aircraft fuselage and production automation systems. The company was founded in 1997 and is based in Wuxi, China.
Wuxi Best Precision Machinery Dividend Announcement
• Wuxi Best Precision Machinery announced a semi annually dividend of ¥0.03 per ordinary share which will be made payable on 2024-09-26. Ex dividend date: 2024-09-26
• Wuxi Best Precision Machinery annual dividend for 2024 was ¥0.23
• Wuxi Best Precision Machinery annual dividend for 2023 was ¥0.40
• Wuxi Best Precision Machinery's trailing twelve-month (TTM) dividend yield is 0.88%
• Wuxi Best Precision Machinery's payout ratio for the trailing twelve months (TTM) is 58.69%
• Wuxi Best Precision Machinery's dividend growth over the last five years (2018-2023) was 23.36% year
Wuxi Best Precision Machinery Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-26 | ¥0.03 | semi annually | 2024-09-26 |
2024-06-14 | ¥0.20 | semi annually | 2024-06-14 |
2023-06-21 | ¥0.40 | semi annually | 2023-06-21 |
2022-06-21 | ¥0.18 | semi annually | 2022-06-21 |
2021-05-24 | ¥0.25 | semi annually | 2021-05-24 |
2020-06-05 | ¥0.17 | semi annually | 2020-06-05 |
2019-05-20 | ¥0.16 | semi annually | 2019-05-20 |
2018-06-22 | ¥0.14 | semi annually | 2018-06-22 |
2017-06-28 | ¥0.14 | semi annually | 2017-06-28 |
Wuxi Best Precision Machinery Dividend per year
Wuxi Best Precision Machinery Dividend growth
Wuxi Best Precision Machinery Dividend Yield
Wuxi Best Precision Machinery current trailing twelve-month (TTM) dividend yield is 0.88%. Interested in purchasing Wuxi Best Precision Machinery stock? Use our calculator to estimate your expected dividend yield:
Wuxi Best Precision Machinery Financial Ratios
Wuxi Best Precision Machinery Dividend FAQ
Other factors to consider when evaluating Wuxi Best Precision Machinery 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: Wuxi Best Precision Machinery'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, Wuxi Best Precision Machinery 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, Wuxi Best Precision Machinery 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 Wuxi Best Precision Machinery 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: Wuxi Best Precision Machinery 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, Wuxi Best Precision Machinery distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Wuxi Best Precision Machinery 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 Wuxi Best Precision Machinery'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 Wuxi Best Precision Machinery'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.