Table of Contents

company-logo

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 2.82%
• Zhejiang Hongchang Electrical Technology's payout ratio for the trailing twelve months (TTM) is 67.30%

Zhejiang Hongchang Electrical Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-20¥0.60annually2024-06-20
2023-05-17¥0.40annually2023-05-17
2021-10-13¥0.60annually2021-10-13

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 2.82%. Interested in purchasing Zhejiang Hongchang Electrical Technology stock? Use our calculator to estimate your expected dividend yield:

Zhejiang Hongchang Electrical Technology Financial Ratios

P/E ratio32.03
PEG ratio-1.03
P/B ratio2.10
ROE6.49%
Payout ratio67.30%
Current ratio2.89
Quick ratio2.57
Cash Ratio0.99

Zhejiang Hongchang Electrical Technology Dividend FAQ

Does Zhejiang Hongchang Electrical Technology stock pay dividends?
Zhejiang Hongchang Electrical Technology does not currently pay dividends to its shareholders.
Has Zhejiang Hongchang Electrical Technology ever paid a dividend?
No, Zhejiang Hongchang Electrical Technology has no a history of paying dividends to its shareholders. Zhejiang Hongchang Electrical Technology is not known for its dividend payments.
Why doesn't Zhejiang Hongchang Electrical Technology pay dividends?
There are several potential reasons why Zhejiang Hongchang Electrical Technology would choose not to pay dividends to their shareholders:

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.
Will Zhejiang Hongchang Electrical Technology ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Zhejiang Hongchang Electrical Technology has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Zhejiang Hongchang Electrical Technology a dividend aristocrat?
Zhejiang Hongchang Electrical Technology is not considered a Dividend Aristocrat. 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 Hongchang Electrical Technology a dividend king?
Zhejiang Hongchang Electrical Technology is not classified as a "Dividend King". 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 Hongchang Electrical Technology a dividend stock?
No, Zhejiang Hongchang Electrical Technology is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Zhejiang Hongchang Electrical Technology stocks?
To buy Zhejiang Hongchang Electrical Technology 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 and account minimums.

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.