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Zhejiang Weigang Technology Co., Ltd. engages in the research and development, production, marketing, and service of label printing machines and converting machines in China. It offers rotary offset printing and intermittent label offset printing machines; flexo printing machines, label(logo)flexo printing machines with three die-cutting stations, and label(logo)flexo printing machines; and screen printing machines. The company also provides rotary/semi-rotary label die-cutting machines, adhesive label(logo) die-cutting machines, and slitting machines with rotary die-cutting stations; slitting machines and slitting machines with rotary die-cutting stations; and automatic label inspecting machines and label inspecting machines. Zhejiang Weigang Technology Co., Ltd. also exports its products to approximately 80 countries, such as Germany, Italy, Russia, Japan, the United States, the United Kingdom, and others. The company was formerly known as Ruian Donghai Printing Machinery Co., Ltd. Zhejiang Weigang Technology Co., Ltd. was founded in 1996 and is based in Wenzhou, China.

Zhejiang Weigang Technology Dividend Announcement

• Zhejiang Weigang Technology announced a annually dividend of ¥0.20 per ordinary share which will be made payable on 2024-05-29. Ex dividend date: 2024-05-29
• Zhejiang Weigang Technology annual dividend for 2024 was ¥0.20
• Zhejiang Weigang Technology annual dividend for 2023 was ¥0.17
• Zhejiang Weigang Technology's trailing twelve-month (TTM) dividend yield is 1.06%
• Zhejiang Weigang Technology's payout ratio for the trailing twelve months (TTM) is 28.26%

Zhejiang Weigang Technology Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-05-29¥0.20annually2024-05-29
2023-06-15¥0.17annually2023-06-15

Zhejiang Weigang Technology Dividend per year

Zhejiang Weigang Technology Dividend Yield

Zhejiang Weigang Technology current trailing twelve-month (TTM) dividend yield is 1.06%. Interested in purchasing Zhejiang Weigang Technology stock? Use our calculator to estimate your expected dividend yield:

Zhejiang Weigang Technology Financial Ratios

P/E ratio27.08
PEG ratio-2.52
P/B ratio2.33
ROE8.71%
Payout ratio28.26%
Current ratio2.59
Quick ratio1.97
Cash Ratio1.13

Zhejiang Weigang Technology Dividend FAQ

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