Xiamen Tungsten Co., Ltd. engages in mining, smelting, downstream processing, and secondary resource recovery of tungsten, molybdenum, and rare earth metals in China and internationally. The company offers tungsten concentrates, including WO3, WOX, tungsten powder, WC, cemented carbide, tungsten steel, tungsten bars, tungsten wires, etc.; tungsten oxide; tungsten powder; cobalt powder; and tungsten carbide powder. It also provides rear earth oxides, metals, and permanent magnets, as well as phosphor products; and ammonium molybdate, molybdenum power and round blanks, molybdenum wires and crucibles, and other molybdenum products, as well as molybdenum oxides, plates, and electrodes. In addition, the company offers Li-ion battery cathode materials, such as lithium cobalt oxides, ternary cathode materials, lithium manganese oxides, lithium iron phosphates, etc., as well as hydrogen storage alloy powders. Further, it develops communities and office buildings in Xiamen, Zhangzhou, Chengdu, Luzhou, Chongqing, and other places. The company was formerly known as Xiamen Wu Factory and changed its name to Xiamen Tungsten Co., Ltd. in December 1997. Xiamen Tungsten Co., Ltd. was founded in 1958 and is headquartered in Xiamen, China.
Xiamen Tungsten Dividend Announcement
• Xiamen Tungsten announced a annually dividend of ¥0.40 per ordinary share which will be made payable on 2024-06-07. Ex dividend date: 2024-06-07
• Xiamen Tungsten annual dividend for 2024 was ¥0.40
• Xiamen Tungsten annual dividend for 2023 was ¥0.35
• Xiamen Tungsten's trailing twelve-month (TTM) dividend yield is 1.92%
• Xiamen Tungsten's payout ratio for the trailing twelve months (TTM) is 68.11%
• Xiamen Tungsten's dividend growth over the last five years (2018-2023) was 17.87% year
• Xiamen Tungsten's dividend growth over the last ten years (2013-2023) was 3.42% year
Xiamen Tungsten Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-07 | ¥0.40 | annually | 2024-06-07 |
2023-06-29 | ¥0.35 | annually | 2023-06-29 |
2022-05-31 | ¥0.26 | annually | 2022-05-31 |
2021-06-01 | ¥0.15 | annually | 2021-06-01 |
2020-06-22 | ¥0.10 | annually | 2020-06-22 |
2019-07-10 | ¥0.15 | annually | 2019-07-10 |
2018-06-19 | ¥0.15 | annually | 2018-06-19 |
2017-06-30 | ¥0.15 | annually | 2017-06-30 |
2016-06-07 | ¥0.15 | annually | |
2015-05-11 | ¥0.26 | annually | |
2014-06-24 | ¥0.25 | annually | |
2013-06-14 | ¥0.25 | annually |
Xiamen Tungsten Dividend per year
Xiamen Tungsten Dividend growth
Xiamen Tungsten Dividend Yield
Xiamen Tungsten current trailing twelve-month (TTM) dividend yield is 1.92%. Interested in purchasing Xiamen Tungsten stock? Use our calculator to estimate your expected dividend yield:
Xiamen Tungsten Financial Ratios
Xiamen Tungsten Dividend FAQ
Other factors to consider when evaluating Xiamen Tungsten 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: Xiamen Tungsten'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, Xiamen Tungsten 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, Xiamen Tungsten 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 Xiamen Tungsten 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: Xiamen Tungsten 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, Xiamen Tungsten distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Xiamen Tungsten 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 Xiamen Tungsten'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 Xiamen Tungsten'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.