Zhejiang XCC Group Co.,Ltd produces and sells bearings in the United States, Japan, Korea, Brazil, and internationally. The company offers automotive bearings, which includes electric car motor and transmission, alternator, tensioner, engine fan, steering, AC clutch, water pump, propeller and drive shaft, CVJ roller, and ZXZ automotive series bearings; auto parts, such as vane ring of oil pumps, gear blanks, shaft sleeves, safe air-bag tubes, hub bearing units, engine crankshaft cam, balance shaft drive sleeves, and space rings; and precision bearing, comprising chemical fiber, and high precision bearings. It also provides agriculture bearings, which consists disc harrow, square and hex bore, insert ball, insert with housing, and ZXZ agriculture series bearings; noise and friction ball motor bearings; harmonic and RV reducer robot bearings; elevator bearing, such as idle sheave and sealed spherical roller bearings; and standard bearing, including deep grove and angular contract ball, tapered and cylindrical roller bearings, and precision machine tool bearings. In addition, the company offers construction machinery and equipment bearings and rotor bearing for wind turbines. Zhejiang XCC Group Co.,Ltd was founded in 1968 and is based in Xinchang, China.
Zhejiang XCC Dividend Announcement
• Zhejiang XCC announced a annually dividend of ¥0.18 per ordinary share which will be made payable on 2024-06-13. Ex dividend date: 2024-06-13
• Zhejiang XCC annual dividend for 2024 was ¥0.18
• Zhejiang XCC annual dividend for 2023 was ¥0.18
• Zhejiang XCC's trailing twelve-month (TTM) dividend yield is 0.98%
• Zhejiang XCC's payout ratio for the trailing twelve months (TTM) is 156.87%
• Zhejiang XCC's dividend growth over the last five years (2018-2023) was -6.36% year
Zhejiang XCC Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-13 | ¥0.18 | annually | 2024-06-13 |
2023-06-21 | ¥0.18 | annually | 2023-06-21 |
2022-06-24 | ¥0.18 | annually | 2022-06-24 |
2021-06-15 | ¥0.17 | annually | 2021-06-15 |
2020-06-16 | ¥0.17 | annually | 2020-06-16 |
2019-06-20 | ¥0.16 | annually | 2019-06-20 |
2018-06-08 | ¥0.25 | annually | 2018-06-08 |
2017-06-08 | ¥0.12 | annually | 2017-06-08 |
Zhejiang XCC Dividend per year
Zhejiang XCC Dividend growth
Zhejiang XCC Dividend Yield
Zhejiang XCC current trailing twelve-month (TTM) dividend yield is 0.98%. Interested in purchasing Zhejiang XCC stock? Use our calculator to estimate your expected dividend yield:
Zhejiang XCC Financial Ratios
Zhejiang XCC Dividend FAQ
Other factors to consider when evaluating Zhejiang XCC 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 XCC'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 XCC 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 XCC 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 XCC 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 XCC 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 XCC 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 XCC 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 XCC'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 XCC'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.