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Zhejiang Runyang New Material Technology Co., Ltd. engages in the research and development, production, and sale of polyolefin foam materials in China and internationally. It offers electron irradiation cross-linked polyethylene (IXPE), including antibacterial enhanced series, popular series, and special series. The company's IXPE products are used as high-performance basic materials; and other products are used in home building decoration, car interior, baby products, sports and leisure, consumer electronics, household appliances, medical equipment, and other industries. Zhejiang Runyang New Material Technology Co., Ltd. was founded in 2012 and is based in Hangzhou, China.

Zhejiang Runyang New Material Technology Dividend Announcement

• Zhejiang Runyang New Material Technology announced a annually dividend of ¥0.20 per ordinary share which will be made payable on 2024-05-30. Ex dividend date: 2024-05-30
• Zhejiang Runyang New Material Technology annual dividend for 2024 was ¥0.20
• Zhejiang Runyang New Material Technology's trailing twelve-month (TTM) dividend yield is 1.2%
• Zhejiang Runyang New Material Technology's payout ratio for the trailing twelve months (TTM) is 42.27%

Zhejiang Runyang New Material Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-30¥0.20annually2024-05-30
2022-05-31¥0.80annually2022-05-31
2021-05-25¥0.40annually2021-05-25

Zhejiang Runyang New Material Technology Dividend per year

Zhejiang Runyang New Material Technology Dividend Yield

Zhejiang Runyang New Material Technology current trailing twelve-month (TTM) dividend yield is 1.2%. Interested in purchasing Zhejiang Runyang New Material Technology stock? Use our calculator to estimate your expected dividend yield:

Zhejiang Runyang New Material Technology Financial Ratios

P/E ratio33.03
PEG ratio30.26
P/B ratio1.44
ROE4.34%
Payout ratio42.27%
Current ratio4.64
Quick ratio4.14
Cash Ratio3.04

Zhejiang Runyang New Material Technology Dividend FAQ

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