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Zhejiang Jinsheng New Materials Co., Ltd. manufactures and sells acrylic containers in China and internationally. It offers sets, airless bottles, acrylic cream bottles, PETG jars, PP jars, and air cushion BB cream products. The company was formerly known as Zhejiang Jinsheng Packaging Co.,Ltd and changed its name to Zhejiang Jinsheng New Materials Co., Ltd. in 2017. Zhejiang Jinsheng New Materials Co., Ltd. was founded in 1998 and is headquartered in Shaoxing, China.

Zhejiang Jinsheng New Materials Dividend Announcement

• Zhejiang Jinsheng New Materials announced a annually dividend of ¥0.10 per ordinary share which will be made payable on 2022-06-15. Ex dividend date: 2022-06-15
• Zhejiang Jinsheng New Materials's trailing twelve-month (TTM) dividend yield is -%
• Zhejiang Jinsheng New Materials's payout ratio for the trailing twelve months (TTM) is -61.42%

Zhejiang Jinsheng New Materials Dividend History

Ex-Div dateDividend amountDividend typePay date
2022-06-15¥0.10annually2022-06-15
2021-06-09¥0.25annually2021-06-09

Zhejiang Jinsheng New Materials Dividend per year

Zhejiang Jinsheng New Materials Dividend Yield

Zhejiang Jinsheng New Materials current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Zhejiang Jinsheng New Materials stock? Use our calculator to estimate your expected dividend yield:

Zhejiang Jinsheng New Materials Financial Ratios

P/E ratio-339.56
PEG ratio13.06
P/B ratio3.25
ROE-0.96%
Payout ratio-61.42%
Current ratio2.79
Quick ratio2.11
Cash Ratio0.78

Zhejiang Jinsheng New Materials Dividend FAQ

Does Zhejiang Jinsheng New Materials stock pay dividends?
Zhejiang Jinsheng New Materials does not currently pay dividends to its shareholders.
Has Zhejiang Jinsheng New Materials ever paid a dividend?
No, Zhejiang Jinsheng New Materials has no a history of paying dividends to its shareholders. Zhejiang Jinsheng New Materials is not known for its dividend payments.
Why doesn't Zhejiang Jinsheng New Materials pay dividends?
There are several potential reasons why Zhejiang Jinsheng New Materials 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 Jinsheng New Materials 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 Jinsheng New Materials 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 Jinsheng New Materials a dividend aristocrat?
Zhejiang Jinsheng New Materials 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 Jinsheng New Materials a dividend king?
Zhejiang Jinsheng New Materials 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 Jinsheng New Materials a dividend stock?
No, Zhejiang Jinsheng New Materials 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 Jinsheng New Materials stocks?
To buy Zhejiang Jinsheng New Materials 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 Jinsheng New Materials 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.