Zhejiang Hongchang Electrical Technology Co., Ltd. engages in the research, production, and sale of fluid solenoid valves, water level sensors, and modular components in China. The company also offers valves for washing machines, dishwashers, smart toilets, and water purifiers; machine water level sensor; door lock for washing machine; high and low pressure switch for water purifiers; and dispenser and auto dosing. The company was founded in 1996 and is based in Jinhua, China.
Zhejiang Hongchang Electrical Technology Dividend Announcement
• Zhejiang Hongchang Electrical Technology announced a annually dividend of ¥0.60 per ordinary share which will be made payable on 2024-06-20. Ex dividend date: 2024-06-20
• Zhejiang Hongchang Electrical Technology annual dividend for 2024 was ¥0.60
• Zhejiang Hongchang Electrical Technology annual dividend for 2023 was ¥0.40
• Zhejiang Hongchang Electrical Technology's trailing twelve-month (TTM) dividend yield is 2.95%
• Zhejiang Hongchang Electrical Technology's payout ratio for the trailing twelve months (TTM) is 69.52%
Zhejiang Hongchang Electrical Technology Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-20 | ¥0.60 | annually | 2024-06-20 |
2023-05-17 | ¥0.40 | annually | 2023-05-17 |
2021-10-13 | ¥0.60 | annually | 2021-10-13 |
Zhejiang Hongchang Electrical Technology Dividend per year
Zhejiang Hongchang Electrical Technology Dividend Yield
Zhejiang Hongchang Electrical Technology current trailing twelve-month (TTM) dividend yield is 2.95%. Interested in purchasing Zhejiang Hongchang Electrical Technology stock? Use our calculator to estimate your expected dividend yield:
Zhejiang Hongchang Electrical Technology Financial Ratios
Zhejiang Hongchang Electrical Technology Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Place an order: Use the brokerage's trading platform to place an order to buy Zhejiang Hongchang Electrical Technology 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.