Zhejiang Double Arrow Rubber Co., Ltd. engages in the manufacture and sale of rubber conveyor belt products in China. Its products are used in electric power, ports, and metallurgy industries that require material transportation, such as gold, minerals, and building materials. The company was formerly known as TongXiang Duble Arrow Group CO., Ltd. Zhejiang Double Arrow Rubber Co., Ltd. is based in Tongxiang, the People's Republic of China.
• Zhejiang Double Arrow Rubber announced a annually dividend of ¥0.25 per ordinary share which will be made payable on 2024-04-29. Ex dividend date: 2024-04-29 • Zhejiang Double Arrow Rubber annual dividend for 2024 was ¥0.25 • Zhejiang Double Arrow Rubber annual dividend for 2023 was ¥0.20 • Zhejiang Double Arrow Rubber's trailing twelve-month (TTM) dividend yield is 3.49% • Zhejiang Double Arrow Rubber's payout ratio for the trailing twelve months (TTM) is 49.98% • Zhejiang Double Arrow Rubber's dividend growth over the last five years (2018-2023) was 14.87% year • Zhejiang Double Arrow Rubber's dividend growth over the last ten years (2013-2023) was -3.97% year
Zhejiang Double Arrow Rubber current trailing twelve-month (TTM) dividend yield is 3.49%. Interested in purchasing Zhejiang Double Arrow Rubber stock? Use our calculator to estimate your expected dividend yield:
Zhejiang Double Arrow Rubber Financial Ratios
P/E ratio13.70
PEG ratio-0.58
P/B ratio1.39
ROE10.22%
Payout ratio49.98%
Current ratio2.53
Quick ratio1.87
Cash Ratio0.60
Zhejiang Double Arrow Rubber Dividend FAQ
How much is the next Zhejiang Double Arrow Rubber dividend?
Zhejiang Double Arrow Rubber's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Zhejiang Double Arrow Rubber dividend. The next Zhejiang Double Arrow Rubber dividend will be released in May.
When is Zhejiang Double Arrow Rubber dividend paid?
Zhejiang Double Arrow Rubber pays dividends on a annually basis. The specific dates may vary each year but are generally around May. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Zhejiang Double Arrow Rubber pay?
The specific amount of Zhejiang Double Arrow Rubber dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Zhejiang Double Arrow Rubber's dividend history.
Does Zhejiang Double Arrow Rubber stock pay dividends?
Yes, Zhejiang Double Arrow Rubber does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Zhejiang Double Arrow Rubber's dividend history.
How much dividend does Zhejiang Double Arrow Rubber pay?
Zhejiang Double Arrow Rubber paid ¥0.25 in 2024, ¥0.2 in 2023, ¥0.2 in 2022, ¥0.5 in 2021, and ¥0.3 in 2020.
How often does Zhejiang Double Arrow Rubber pay dividends?
Zhejiang Double Arrow Rubber typically pays dividends on a annually basis. This means that dividends are usually distributed 1 times a year. The specific payout dates may vary each year but generally fall around May.
What is Zhejiang Double Arrow Rubber's dividend yield?
The current dividend yield for Zhejiang Double Arrow Rubber is 3.49%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Zhejiang Double Arrow Rubber's exact dividend yield.
When does Zhejiang Double Arrow Rubber go ex dividend?
Zhejiang Double Arrow Rubber's ex-dividend date for the latest dividend was on 2024-04-29. Zhejiang Double Arrow Rubber typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Zhejiang Double Arrow Rubber dividend paid?
Zhejiang Double Arrow Rubber pays dividends on a annually basis, typically around May, but the exact dates can vary each year.
Will Zhejiang Double Arrow Rubber increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Zhejiang Double Arrow Rubber will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Zhejiang Double Arrow Rubber dividend per share?
Zhejiang Double Arrow Rubber paid ¥0.25 per share in 2024 and ¥0.2 per share in 2023. The amount of dividend per share that Zhejiang Double Arrow Rubber pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Zhejiang Double Arrow Rubber a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Zhejiang Double Arrow Rubber a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Zhejiang Double Arrow Rubber a dividend stock?
Yes, Zhejiang Double Arrow Rubber is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Zhejiang Double Arrow Rubber a good dividend stock?
Whether Zhejiang Double Arrow Rubber is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Zhejiang Double Arrow Rubber has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Zhejiang Double Arrow Rubber 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.
Does Zhejiang Double Arrow Rubber pay dividends monthly?
Zhejiang Double Arrow Rubber typically pays dividends on a annually basis.
Does Zhejiang Double Arrow Rubber pay dividends quarterly?
Zhejiang Double Arrow Rubber currently pays dividends on a annually basis.
Has Zhejiang Double Arrow Rubber ever paid a dividend?
Yes, Zhejiang Double Arrow Rubber has a history of paying dividends to its shareholders. Zhejiang Double Arrow Rubber is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Zhejiang Double Arrow Rubber dividend stocks?
To buy Zhejiang Double Arrow Rubber you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Zhejiang Double Arrow Rubber stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Zhejiang Double Arrow Rubber pay dividends 2024?
Zhejiang Double Arrow Rubber pays dividends on a annually basis. 2024 dividend payments are in 2024-04-29. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Zhejiang Double Arrow Rubber increase its dividend in 2024?
Decisions regarding Zhejiang Double Arrow Rubber dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Zhejiang Double Arrow Rubber dividend overview you can look into the above table of dividend history.
How Zhejiang Double Arrow Rubber dividend works?
The Zhejiang Double Arrow Rubber dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Zhejiang Double Arrow Rubber's dividend process works:
1. Determination of Dividend: Zhejiang Double Arrow Rubber'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, Zhejiang Double Arrow Rubber 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, Zhejiang Double Arrow Rubber 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 Zhejiang Double Arrow Rubber 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.
How are Zhejiang Double Arrow Rubber dividends paid?
Zhejiang Double Arrow Rubber dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Zhejiang Double Arrow Rubber 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, Zhejiang Double Arrow Rubber distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Zhejiang Double Arrow Rubber 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.
How many times does Zhejiang Double Arrow Rubber pay dividends?
Zhejiang Double Arrow Rubber typically pays dividends on a annually basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Zhejiang Double Arrow Rubber pay dividends?
The general pattern is that Zhejiang Double Arrow Rubber pays dividends around May. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Zhejiang Double Arrow Rubber dividend safe?
The safety of Zhejiang Double Arrow Rubber's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Zhejiang Double Arrow Rubber'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 Zhejiang Double Arrow Rubber'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.