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Zhejiang Zhengte Co., Ltd. engages in the research and development, manufacture, sale, and supply of sunshade products and outdoor leisure furniture in China and internationally. The company offers umbrellas, pergolas, tents and gazebos, recycled plastic products, construction materials, and other furniture, as well as provides OEM manufacturing services. Zhejiang Zhengte Co., Ltd. was founded in 1996 and is based in Linhai, China.

Zhejiang Zhengte Dividend Announcement

Zhejiang Zhengte announced a annually dividend of ¥0.07 per ordinary share which will be made payable on 2024-06-28. Ex dividend date: 2024-06-28
Zhejiang Zhengte annual dividend for 2024 was ¥0.07
Zhejiang Zhengte annual dividend for 2023 was ¥0.10
Zhejiang Zhengte's trailing twelve-month (TTM) dividend yield is 0.26%
Zhejiang Zhengte's payout ratio for the trailing twelve months (TTM) is 73.57%

Zhejiang Zhengte Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-06-28¥0.07annually2024-06-28
2023-06-30¥0.10annually2023-06-30

Zhejiang Zhengte Dividend per year

Zhejiang Zhengte Dividend Yield

Zhejiang Zhengte current trailing twelve-month (TTM) dividend yield is 0.26%. Interested in purchasing Zhejiang Zhengte stock? Use our calculator to estimate your expected dividend yield:

Zhejiang Zhengte Financial Ratios

P/E ratio243.00
PEG ratio2.45
P/B ratio2.68
ROE1.11%
Payout ratio73.57%
Current ratio2.79
Quick ratio1.67
Cash Ratio0.84

Zhejiang Zhengte Dividend FAQ

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