Zhejiang Langdi Group Co., Ltd. manufactures and sells wheels for household air conditioners in China. It also manufactures series fans for HVAT systems and industrial equipment. The company's metal and plastic wheels include backward-curved, forward-curved, axial-flow, and cross-flow wheels, as well as centrifugal wheels and cross-flow wheels with bevel flows. It also provides backward-curved, forward-curved, cross-flow, and axial-flow fans; motors; and glass-fiber reinforced ABS, reinforced PP, fire-proof ABS, and weather resistant PP raw materials. The company was founded in 1998 and is headquartered in Yuyao, China.
Zhejiang Langdi Dividend Announcement
• Zhejiang Langdi announced a annually dividend of ¥0.40 per ordinary share which will be made payable on 2024-07-01. Ex dividend date: 2024-07-01
• Zhejiang Langdi annual dividend for 2024 was ¥0.40
• Zhejiang Langdi annual dividend for 2023 was ¥0.35
• Zhejiang Langdi's trailing twelve-month (TTM) dividend yield is 2.14%
• Zhejiang Langdi's payout ratio for the trailing twelve months (TTM) is 94.19%
• Zhejiang Langdi's dividend growth over the last five years (2018-2023) was -18.61% year
Zhejiang Langdi Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-01 | ¥0.40 | annually | 2024-07-01 |
2023-06-07 | ¥0.35 | annually | 2023-06-07 |
2022-06-23 | ¥0.40 | annually | 2022-06-23 |
2021-06-03 | ¥0.40 | annually | 2021-06-03 |
2020-07-03 | ¥0.35 | annually | 2020-07-03 |
2019-06-20 | ¥0.55 | annually | 2019-06-20 |
2018-05-24 | ¥0.98 | annually | 2018-05-24 |
2017-07-13 | ¥0.42 | annually | 2017-07-13 |
Zhejiang Langdi Dividend per year
Zhejiang Langdi Dividend growth
Zhejiang Langdi Dividend Yield
Zhejiang Langdi current trailing twelve-month (TTM) dividend yield is 2.14%. Interested in purchasing Zhejiang Langdi stock? Use our calculator to estimate your expected dividend yield:
Zhejiang Langdi Financial Ratios
Zhejiang Langdi Dividend FAQ
Other factors to consider when evaluating Zhejiang Langdi 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: Zhejiang Langdi'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 Langdi 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 Langdi 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 Langdi 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: Zhejiang Langdi 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 Langdi 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 Langdi 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 Zhejiang Langdi'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 Langdi'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.