Wuxi Double Elephant Micro Fibre Material Co.,Ltd manufactures and sells artificial and synthetic leather products in the People's Republic of China. The company offers micro fiber leather products, including microfiber shoe, furniture, automotive trim, case and bag, cleaning, and ball leather products; and micro fiber suede, as well as microfiber package leather for ornaments. It also provides PU synthetic leather products, such as PU shoe, furniture, automotive upholstery, case and bag, vanity, ball, garment, and glove leather products, as well as PU wiping leather for wine boxes. In addition, the company offers PVC artificial leather products comprising PVC shoe, case and bag, vanity, furniture, garment, ball, automotive trim, glove, and mahjong table upper leather products, as well as semi-PU embossed leather and PVC flocking products. Further, it provides plastic films. The company also exports its products in Asia, Europe, Americas, Africa, and Oceania. Wuxi Double Elephant Micro Fibre Material Co.,Ltd is based in Wuxi, the People's Republic of China. Wuxi Double Elephant Micro Fibre Material Co.,Ltd is a subsidiary of Jiangsu Shuangxiang Group.
Wuxi Double Elephant Micro Fibre Material Dividend Announcement
• Wuxi Double Elephant Micro Fibre Material announced a annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-07-05. Ex dividend date: 2024-07-05
• Wuxi Double Elephant Micro Fibre Material annual dividend for 2024 was ¥0.10
• Wuxi Double Elephant Micro Fibre Material's trailing twelve-month (TTM) dividend yield is 0.62%
• Wuxi Double Elephant Micro Fibre Material's payout ratio for the trailing twelve months (TTM) is 32.76%
Wuxi Double Elephant Micro Fibre Material Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-05 | ¥0.10 | annually | 2024-07-05 |
2021-07-06 | ¥0.15 | annually | 2021-07-06 |
2019-07-05 | ¥0.20 | annually | 2019-07-05 |
2017-07-04 | ¥0.08 | annually | 2017-07-04 |
2016-06-17 | ¥0.05 | annually | |
2015-06-30 | ¥0.05 | annually | |
2014-07-01 | ¥0.05 | annually | |
2013-06-21 | ¥0.20 | annually | |
2012-11-02 | ¥0.30 | annually | |
2011-06-15 | ¥0.30 | annually |
Wuxi Double Elephant Micro Fibre Material Dividend per year
Wuxi Double Elephant Micro Fibre Material Dividend growth
Wuxi Double Elephant Micro Fibre Material Dividend Yield
Wuxi Double Elephant Micro Fibre Material current trailing twelve-month (TTM) dividend yield is 0.62%. Interested in purchasing Wuxi Double Elephant Micro Fibre Material stock? Use our calculator to estimate your expected dividend yield:
Wuxi Double Elephant Micro Fibre Material Financial Ratios
Wuxi Double Elephant Micro Fibre Material Dividend FAQ
Other factors to consider when evaluating Wuxi Double Elephant Micro Fibre Material 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 Double Elephant Micro Fibre Material'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 Double Elephant Micro Fibre Material 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 Double Elephant Micro Fibre Material 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 Double Elephant Micro Fibre Material 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 Double Elephant Micro Fibre Material 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 Double Elephant Micro Fibre Material 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 Double Elephant Micro Fibre Material 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 Double Elephant Micro Fibre Material'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 Double Elephant Micro Fibre Material'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.