Yongxing Special Materials Technology Co.,Ltd develops, produces, and sells stainless steel rods and wires, special alloy materials, and lithium battery materials in China and internationally. It offers austenitic and duplex stainless-steel round bars; stainless steel round bar for high-pressure boiler; stainless steel wire rods; and special alloys, including iron ultratek, ultratek, precision alloy, super austenitic stainless steel, urea stainless steel, stainless steel for surgical operation, precipitation-hardening stainless steel, etc. The company's products are primarily used in petrochemical, high-pressure boiler, nuclear power energy, equipment manufacturing, aerospace, and other industrial fields. It also offers lithium carbonate products for use as cathode materials for lithium-ion batteries and electrolyte materials. Yongxing Special Materials Technology Co.,Ltd was founded in 2000 and is based in Huzhou, China.
Yongxing Special Materials Technology Dividend Announcement
• Yongxing Special Materials Technology announced a semi annually dividend of ¥0.50 per ordinary share which will be made payable on 2024-10-10. Ex dividend date: 2024-10-10
• Yongxing Special Materials Technology annual dividend for 2024 was ¥2.50
• Yongxing Special Materials Technology annual dividend for 2023 was ¥7.50
• Yongxing Special Materials Technology's trailing twelve-month (TTM) dividend yield is 6.34%
• Yongxing Special Materials Technology's payout ratio for the trailing twelve months (TTM) is 278.00%
• Yongxing Special Materials Technology's dividend growth over the last five years (2018-2023) was 49.63% year
Yongxing Special Materials Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-10 | ¥0.50 | semi annually | 2024-10-10 |
2024-05-30 | ¥2.00 | semi annually | 2024-05-30 |
2023-09-27 | ¥1.00 | semi annually | 2023-09-27 |
2023-04-21 | ¥6.50 | semi annually | 2023-04-21 |
2022-05-27 | ¥0.50 | semi annually | 2022-05-27 |
2021-06-01 | ¥0.31 | semi annually | 2021-06-01 |
2020-04-22 | ¥0.46 | semi annually | 2020-04-22 |
2019-05-23 | ¥1.00 | semi annually | 2019-05-23 |
2018-06-11 | ¥1.00 | semi annually | 2018-06-11 |
2017-04-20 | ¥0.13 | semi annually | 2017-04-20 |
2016-06-20 | ¥0.20 | semi annually |
Yongxing Special Materials Technology Dividend per year
Yongxing Special Materials Technology Dividend growth
Yongxing Special Materials Technology Dividend Yield
Yongxing Special Materials Technology current trailing twelve-month (TTM) dividend yield is 6.34%. Interested in purchasing Yongxing Special Materials Technology stock? Use our calculator to estimate your expected dividend yield:
Yongxing Special Materials Technology Financial Ratios
Yongxing Special Materials Technology Dividend FAQ
Other factors to consider when evaluating Yongxing Special 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: Yongxing Special 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, Yongxing Special 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, Yongxing Special 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 Yongxing Special 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: Yongxing Special 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, Yongxing Special 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: Yongxing Special 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 Yongxing Special 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 Yongxing Special 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.