Zhejiang Tieliu Clutch Co., Ltd. engages in the manufacture and sale of clutch products for automobile transmission systems in China. The company provides cover assemblies, driven disk assemblies, release bearing products, hydraulic bearing products, flywheel shock absorbers, hydraulic torque converters, self-adjusting clutches, brake pads, boosters, clutch master cylinders, and double acting clutches. It offers its products for passenger cars and commercial vehicles under the Iron Flow, Desa, and WESTLAKE brands. The company also exports its products to the United States, Europe, Asia, Africa, the Middle East, and other countries. Zhejiang Tieliu Clutch Co., Ltd. was founded in 2009 and is based in Hangzhou, China.
Zhejiang Tieliu Clutch Dividend Announcement
• Zhejiang Tieliu Clutch announced a annually dividend of ¥0.38 per ordinary share which will be made payable on 2024-05-29. Ex dividend date: 2024-05-29
• Zhejiang Tieliu Clutch annual dividend for 2024 was ¥0.38
• Zhejiang Tieliu Clutch annual dividend for 2023 was ¥0.11
• Zhejiang Tieliu Clutch's trailing twelve-month (TTM) dividend yield is 3.99%
• Zhejiang Tieliu Clutch's payout ratio for the trailing twelve months (TTM) is 101.33%
• Zhejiang Tieliu Clutch's dividend growth over the last five years (2018-2023) was -34.09% year
Zhejiang Tieliu Clutch Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-29 | ¥0.38 | annually | 2024-05-29 |
2023-05-30 | ¥0.11 | annually | 2023-05-30 |
2022-05-31 | ¥0.17 | annually | 2022-05-31 |
2021-06-17 | ¥0.50 | annually | 2021-06-17 |
2020-07-08 | ¥0.30 | annually | 2020-07-08 |
2019-06-18 | ¥0.19 | annually | 2019-06-18 |
2018-04-18 | ¥0.88 | annually | 2018-04-18 |
Zhejiang Tieliu Clutch Dividend per year
Zhejiang Tieliu Clutch Dividend growth
Zhejiang Tieliu Clutch Dividend Yield
Zhejiang Tieliu Clutch current trailing twelve-month (TTM) dividend yield is 3.99%. Interested in purchasing Zhejiang Tieliu Clutch stock? Use our calculator to estimate your expected dividend yield:
Zhejiang Tieliu Clutch Financial Ratios
Zhejiang Tieliu Clutch Dividend FAQ
Other factors to consider when evaluating Zhejiang Tieliu Clutch 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 Tieliu Clutch'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 Tieliu Clutch 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 Tieliu Clutch 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 Tieliu Clutch 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 Tieliu Clutch 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 Tieliu Clutch 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 Tieliu Clutch 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 Tieliu Clutch'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 Tieliu Clutch'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.