Wuxi Chemical Equipment Co., Ltd. designs, develops, manufactures, and markets metal pressure vessels in China. The company offers heat exchangers, such as refined paste preheater, meg purified distillation column condenser, reboiler for raffinate extraction column, raffinate overhead steam generator, rose exchanger, reforming feed/effluent exchanger, effluent/hot feed exchanger, ethylbenzene condenser, pressure column gas reboiler, COS/H2S guard bed steam heater, demin water preheater, nickel base alloy, three-effect crystallization circulation heater, dewatering overhead condenser, TA1 And TA2 heat exchanger, condensate preheater, tube bundle products, etc. It also provides aldehyde stipper column, ship exhaust desulfurization tower, column group, demethanizing column, deg extraction column, absorption column, high-pressure absorption column, one-step benzene evaporation column, rectifying column, atmospheric column, and secondary spent alkaline oxidation reactor products; and styrene and BP reactors, hydroxylamine reactor coolers, crystallization kettles, phthalic anhydride reactors, hydroxylamine reactors, hydrogenation reactors, secondary gasoline hydrogenation reactors, first reactors, and chloride reactors. In addition, the company offers separators, high-pressure nitrogen vessels, C2 arsine guard adsorders, propane, tail gas vent column, medium-pressure nitrogen tanks, and pulsation suppressors; fuel oil daily tanks, venturi vessels, filter vessels, and nuclear fuel waste transfer support systems; exquisite tower reboiler, debutanediol column reboiler, dimethyl benzene overhead/extract column reboilers, reboilers for ethylene glycol concentration tower 2, reboiler of draining liquid column, xylene tower reboiler, and dimethyl benzene column steam generators; reliquefaction and booster pump units; oil and salt heat exchangers; and feedwater preheaters. Further, it exports its products. The company was founded in 1984 and is based in Wuxi City, China.
Wuxi Chemical Equipment Dividend Announcement
• Wuxi Chemical Equipment announced a semi annually dividend of ¥0.50 per ordinary share which will be made payable on 2024-10-16. Ex dividend date: 2024-10-16
• Wuxi Chemical Equipment annual dividend for 2024 was ¥1.00
• Wuxi Chemical Equipment annual dividend for 2023 was ¥1.00
• Wuxi Chemical Equipment's trailing twelve-month (TTM) dividend yield is 2.85%
• Wuxi Chemical Equipment's payout ratio for the trailing twelve months (TTM) is 22.11%
Wuxi Chemical Equipment Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-16 | ¥0.50 | semi annually | 2024-10-16 |
2024-06-06 | ¥0.50 | semi annually | 2024-06-06 |
2023-05-19 | ¥1.00 | semi annually | 2023-05-19 |
2022-11-29 | ¥2.50 | semi annually | 2022-11-29 |
Wuxi Chemical Equipment Dividend per year
Wuxi Chemical Equipment Dividend growth
Wuxi Chemical Equipment Dividend Yield
Wuxi Chemical Equipment current trailing twelve-month (TTM) dividend yield is 2.85%. Interested in purchasing Wuxi Chemical Equipment stock? Use our calculator to estimate your expected dividend yield:
Wuxi Chemical Equipment Financial Ratios
Wuxi Chemical Equipment Dividend FAQ
Other factors to consider when evaluating Wuxi Chemical Equipment 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 Chemical Equipment'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 Chemical Equipment 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 Chemical Equipment 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 Chemical Equipment 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 Chemical Equipment 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 Chemical Equipment 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 Chemical Equipment 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 Chemical Equipment'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 Chemical Equipment'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.