Wuxi Honghui New Materials Technology Co., Ltd. engages in the research and development, manufacture, and sale of copolymer and terpolymer resins of vinyl chloride and vinyl acetate, vinyl chloride terpolymer emulsion, and other modified water-based series worldwide. It offers vinyl copolymer, carboxyl modifed vinyl terpolymer, ester-soluble vinyl copolymer, and hydroxyl modified vinyl terpolymer resins; acrylic emulsion, water-based acrylic resins, epoxy emulsion, vinyl chloride copolymer emulsion, and epoxy hardener resins; and PVC functional modifier resins. The company's products are used in inks, coatings, plastic processing, magnetic record materials, adhesion, etc. The company was founded in 2001 and is based in Wuxi, China.
Wuxi Honghui New Materials Technology Dividend Announcement
• Wuxi Honghui New Materials Technology announced a semi annually dividend of ¥0.12 per ordinary share which will be made payable on 2024-11-06. Ex dividend date: 2024-11-06
• Wuxi Honghui New Materials Technology annual dividend for 2024 was ¥0.37
• Wuxi Honghui New Materials Technology annual dividend for 2023 was ¥0.78
• Wuxi Honghui New Materials Technology's trailing twelve-month (TTM) dividend yield is 3.03%
• Wuxi Honghui New Materials Technology's payout ratio for the trailing twelve months (TTM) is 147.32%
• Wuxi Honghui New Materials Technology's dividend growth over the last five years (2018-2023) was 17.31% year
Wuxi Honghui New Materials Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-06 | ¥0.12 | semi annually | 2024-11-06 |
2024-07-22 | ¥0.25 | semi annually | 2024-07-22 |
2023-05-12 | ¥0.78 | semi annually | 2023-05-12 |
2022-06-08 | ¥0.40 | semi annually | 2022-06-08 |
2021-06-04 | ¥0.50 | semi annually | 2021-06-04 |
2020-09-16 | ¥0.30 | semi annually | 2020-09-16 |
2020-05-28 | ¥0.50 | semi annually | 2020-05-28 |
2019-07-17 | ¥1.00 | semi annually | 2019-07-17 |
2018-06-15 | ¥0.35 | semi annually | 2018-06-15 |
2017-07-14 | ¥0.15 | semi annually | 2017-07-14 |
2016-09-28 | ¥0.15 | semi annually |
Wuxi Honghui New Materials Technology Dividend per year
Wuxi Honghui New Materials Technology Dividend growth
Wuxi Honghui New Materials Technology Dividend Yield
Wuxi Honghui New Materials Technology current trailing twelve-month (TTM) dividend yield is 3.03%. Interested in purchasing Wuxi Honghui New Materials Technology stock? Use our calculator to estimate your expected dividend yield:
Wuxi Honghui New Materials Technology Financial Ratios
Wuxi Honghui New Materials Technology Dividend FAQ
Other factors to consider when evaluating Wuxi Honghui New Materials Technology 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 Honghui New Materials Technology'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 Honghui New Materials Technology 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 Honghui New Materials Technology 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 Honghui New Materials Technology 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 Honghui New Materials Technology 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 Honghui New Materials Technology 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 Honghui New Materials Technology 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 Honghui New Materials Technology'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 Honghui New Materials Technology'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.