Zhejiang Weixing New Building Materials Co., Ltd. engages in the manufacture and sale of plastic pipes in China. The company's products include PPR, PE, polypropylene-random-copolymer, PE-XB, F-PPR, and PP-R/AL pipes for water supplying applications; PE corrugated, PVC-U, and PE pipes for sewerage applications; PB-R, PE-RT II, PE-RT I, PB, and PB-XB pipes for heating applications; and hoses and plumbing accessories. It also offers HDPE same-floor drainage system, floor radiant heating system, comfortable hot water circulation system, SPM comfortable drainage system, and central hydraulic balance system solutions. The company offers its products under the Weixing, annette, and KALE brands. Zhejiang Weixing New Building Materials Co., Ltd. was founded in 1999 and is based in Linhai, China.
Zhejiang Weixing New Building Materials Dividend Announcement
• Zhejiang Weixing New Building Materials announced a semi annually dividend of ¥0.10 per ordinary share which will be made payable on 2024-09-26. Ex dividend date: 2024-09-26
• Zhejiang Weixing New Building Materials annual dividend for 2024 was ¥0.90
• Zhejiang Weixing New Building Materials annual dividend for 2023 was ¥0.60
• Zhejiang Weixing New Building Materials's trailing twelve-month (TTM) dividend yield is 7.09%
• Zhejiang Weixing New Building Materials's payout ratio for the trailing twelve months (TTM) is 200.50%
• Zhejiang Weixing New Building Materials's dividend growth over the last five years (2018-2023) was 9.30% year
• Zhejiang Weixing New Building Materials's dividend growth over the last ten years (2013-2023) was -2.84% year
Zhejiang Weixing New Building Materials Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-26 | ¥0.10 | semi annually | 2024-09-26 |
2024-05-22 | ¥0.80 | semi annually | 2024-05-22 |
2023-05-31 | ¥0.60 | semi annually | 2023-05-31 |
2022-05-19 | ¥0.60 | semi annually | 2022-05-19 |
2021-06-04 | ¥0.50 | semi annually | 2021-06-04 |
2020-05-28 | ¥0.50 | semi annually | 2020-05-28 |
2019-06-06 | ¥0.50 | semi annually | 2019-06-06 |
2018-06-07 | ¥0.38 | semi annually | 2018-06-07 |
2017-04-28 | ¥0.60 | semi annually | 2017-04-28 |
2016-06-20 | ¥0.60 | semi annually | |
2015-05-27 | ¥0.60 | semi annually | |
2014-05-21 | ¥0.80 | semi annually | |
2013-06-19 | ¥0.80 | semi annually |
Zhejiang Weixing New Building Materials Dividend per year
Zhejiang Weixing New Building Materials Dividend growth
Zhejiang Weixing New Building Materials Dividend Yield
Zhejiang Weixing New Building Materials current trailing twelve-month (TTM) dividend yield is 7.09%. Interested in purchasing Zhejiang Weixing New Building Materials stock? Use our calculator to estimate your expected dividend yield:
Zhejiang Weixing New Building Materials Financial Ratios
Zhejiang Weixing New Building Materials Dividend FAQ
Other factors to consider when evaluating Zhejiang Weixing New Building Materials 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 Weixing New Building Materials'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 Weixing New Building Materials 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 Weixing New Building Materials 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 Weixing New Building Materials 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 Weixing New Building Materials 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 Weixing New Building Materials 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 Weixing New Building Materials 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 Weixing New Building Materials'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 Weixing New Building Materials'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.