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Zhejiang Renzhi Co., Ltd. provides professional services in the oil and gas drilling and engineering fields primarily in China. The company is involved in the development, production, and sale of oilfield chemicals; and development, production, sale, and import and export trade of new materials. It also offers oil and gas field technical services, including drilling fluid technical services; anti-corrosion engineering technical services; oil and gas field special equipment testing and maintenance services. Zhejiang Renzhi Co., Ltd. was founded in 2006 and is based in Wenzhou, China.

Zhejiang Renzhi Dividend Announcement

Zhejiang Renzhi announced a annually dividend of ¥0.02 per ordinary share which will be made payable on . Ex dividend date: 2015-06-04
Zhejiang Renzhi's trailing twelve-month (TTM) dividend yield is -%
Zhejiang Renzhi's payout ratio for the trailing twelve months (TTM) is -0.16%

Zhejiang Renzhi Dividend History

Ex-Div dateDividend amountDividend typePay date
2015-06-04¥0.02annually
2014-07-17¥0.05annually
2013-05-10¥0.20annually
2012-05-25¥0.32annually

Zhejiang Renzhi Dividend per year

Zhejiang Renzhi Dividend growth

Zhejiang Renzhi Dividend Yield

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

Zhejiang Renzhi Financial Ratios

P/E ratio-44.72
PEG ratio0.85
P/B ratio39.17
ROE-67.37%
Payout ratio-0.16%
Current ratio1.05
Quick ratio1.00
Cash Ratio0.09

Zhejiang Renzhi Dividend FAQ

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