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Zhejiang Tengy Environmental Technology Co., Ltd, together with its subsidiaries, designs, develops, manufactures, installs, and sells environmental pollution prevention equipment and electronic products in Mainland China and internationally. The company offers electrostatic, electrostatic-bag composite, and SO2 and NOx emission reduction precipitators. Its precipitators are installed at coal-fired power plants, metallurgical plants, paper mills, and other industrial production plants. The company also offers installation services. Its customers include project owners of power plants and industrial production plants, or contractors who undertake the construction work of power plants and industrial production plants. The company was incorporated in 2009 and is headquartered in Zhuji, China.

Zhejiang Tengy Environmental Technology Dividend Announcement

• Zhejiang Tengy Environmental Technology announced a annually dividend of HK$0.05 per ordinary share which will be made payable on 2023-08-28. Ex dividend date: 2023-07-04
• Zhejiang Tengy Environmental Technology 's trailing twelve-month (TTM) dividend yield is -%
• Zhejiang Tengy Environmental Technology 's payout ratio for the trailing twelve months (TTM) is 13.34%

Zhejiang Tengy Environmental Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2023-07-04HK$0.05annually2023-08-28

Zhejiang Tengy Environmental Technology Dividend per year

Zhejiang Tengy Environmental Technology Dividend Yield

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

Zhejiang Tengy Environmental Technology Financial Ratios

P/E ratio4.50
PEG ratio0.37
P/B ratio0.26
ROE5.77%
Payout ratio13.34%
Current ratio1.65
Quick ratio1.29
Cash Ratio0.56

Zhejiang Tengy Environmental Technology Dividend FAQ

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