Xinxing Ductile Iron Pipes Co., Ltd. engages in the research, manufacture, and trade of ductile iron pipes and tube castings, and steel products in China. It offers ductile iron pipes for water supply, sewage, gas, and heat applications, as well as special interfaces and coatings; ferrous metallurgy products, such as rolled ribbed steel bars for reinforced concrete; steel grating; composite tubes; and special and stainless steel pipes. It sells its products through a sales network in Asia, Europe, Africa, and America, as well as exports internationally. Xinxing Ductile Iron Pipes Co., Ltd. as founded in 1971 and is based in Wu'an, China.
Xinxing Ductile Iron Pipes Dividend Announcement
• Xinxing Ductile Iron Pipes announced a annually dividend of ¥0.06 per ordinary share which will be made payable on 2024-07-12. Ex dividend date: 2024-07-12
• Xinxing Ductile Iron Pipes annual dividend for 2024 was ¥0.06
• Xinxing Ductile Iron Pipes annual dividend for 2023 was ¥0.13
• Xinxing Ductile Iron Pipes's trailing twelve-month (TTM) dividend yield is 1.54%
• Xinxing Ductile Iron Pipes's payout ratio for the trailing twelve months (TTM) is 132.33%
• Xinxing Ductile Iron Pipes's dividend growth over the last five years (2018-2023) was -2.82% year
• Xinxing Ductile Iron Pipes's dividend growth over the last ten years (2013-2023) was 2.66% year
Xinxing Ductile Iron Pipes Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-12 | ¥0.06 | annually | 2024-07-12 |
2023-07-07 | ¥0.13 | annually | 2023-07-07 |
2022-07-18 | ¥0.15 | annually | 2022-07-18 |
2021-06-30 | ¥0.15 | annually | 2021-06-30 |
2020-07-27 | ¥0.15 | annually | 2020-07-27 |
2019-07-29 | ¥0.20 | annually | 2019-07-29 |
2018-07-06 | ¥0.15 | annually | 2018-07-06 |
2017-07-14 | ¥0.03 | annually | 2017-07-14 |
2016-07-18 | ¥0.03 | annually | |
2015-07-15 | ¥0.04 | annually | |
2014-06-23 | ¥0.10 | annually | |
2013-06-07 | ¥0.10 | annually |
Xinxing Ductile Iron Pipes Dividend per year
Xinxing Ductile Iron Pipes Dividend growth
Xinxing Ductile Iron Pipes Dividend Yield
Xinxing Ductile Iron Pipes current trailing twelve-month (TTM) dividend yield is 1.54%. Interested in purchasing Xinxing Ductile Iron Pipes stock? Use our calculator to estimate your expected dividend yield:
Xinxing Ductile Iron Pipes Financial Ratios
Xinxing Ductile Iron Pipes Dividend FAQ
Other factors to consider when evaluating Xinxing Ductile Iron Pipes 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: Xinxing Ductile Iron Pipes'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, Xinxing Ductile Iron Pipes 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, Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes 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: Xinxing Ductile Iron Pipes 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, Xinxing Ductile Iron Pipes distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Xinxing Ductile Iron Pipes 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 Xinxing Ductile Iron Pipes'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 Xinxing Ductile Iron Pipes'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.