Xinxiang Richful Lube Additive Co., Ltd engages in the research and development, production, and sales of fine chemical products in China. The company provides lubricating oil additives and carbon-free paper colors. It also offers PMA pour point depressants, PMA viscosity index improvers, metal deactivators, detergents & TBN boosters, ashless dispersants, ZDDP, high-temperature antioxidants, anti-friction and anti-wear additives, gasoline engine oil, diesel oil, marine oil, railway locomotive engine oil, and industrial oil packages, as well as fuel oil detergents. In addition, the company provides special chemicals, such as rubber vulcanized accelerators, emulsifiers, and inhibitors; and carbonless paper color development products are used in various multi-page invoices, receipts, express orders, blank printing paper, etc. It also exports its products to the United States, Europe, Southeast Asia, the Middle East, and other countries and regions. The company was founded in 1996 and is based in Xinxiang, China.
Xinxiang Richful Lube Additive Dividend Announcement
• Xinxiang Richful Lube Additive announced a annually dividend of ¥1.30 per ordinary share which will be made payable on 2024-05-28. Ex dividend date: 2024-05-28
• Xinxiang Richful Lube Additive annual dividend for 2024 was ¥1.30
• Xinxiang Richful Lube Additive annual dividend for 2023 was ¥4.37
• Xinxiang Richful Lube Additive 's trailing twelve-month (TTM) dividend yield is 3.02%
• Xinxiang Richful Lube Additive 's payout ratio for the trailing twelve months (TTM) is 57.48%
Xinxiang Richful Lube Additive Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-28 | ¥1.30 | annually | 2024-05-28 |
2023-05-12 | ¥4.37 | annually | 2023-05-12 |
2022-05-30 | ¥0.80 | annually | 2022-05-30 |
2021-05-20 | ¥0.80 | annually | 2021-05-20 |
Xinxiang Richful Lube Additive Dividend per year
Xinxiang Richful Lube Additive Dividend growth
Xinxiang Richful Lube Additive Dividend Yield
Xinxiang Richful Lube Additive current trailing twelve-month (TTM) dividend yield is 3.02%. Interested in purchasing Xinxiang Richful Lube Additive stock? Use our calculator to estimate your expected dividend yield:
Xinxiang Richful Lube Additive Financial Ratios
Xinxiang Richful Lube Additive Dividend FAQ
Other factors to consider when evaluating Xinxiang Richful Lube Additive 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: Xinxiang Richful Lube Additive '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, Xinxiang Richful Lube Additive 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, Xinxiang Richful Lube Additive 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 Xinxiang Richful Lube Additive 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: Xinxiang Richful Lube Additive 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, Xinxiang Richful Lube Additive distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Xinxiang Richful Lube Additive 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 Xinxiang Richful Lube Additive '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 Xinxiang Richful Lube Additive '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.