Tianjin Ruixin Technology stock dividend – Tianjin Ruixin Technology Co Ltd Announces 0.4 Cash Dividend
June 2, 2023
🌥️Dividends Yield
Tianjin Ruixin Technology ($SZSE:300828) Co Ltd recently announced a cash dividend of 0.4 CNY per share for the financial year ending on May 25 2023. This would be the third consecutive year of dividend payouts for TIANJIN RUIXIN TECHNOLOGY, with the prior two financial years also paying out 0.4 and 0.2 CNY per share respectively. This results in an average dividend yield of 2.42%, making it one of the highest dividend yielding stocks in the market. For those looking for stocks with high dividend returns, TIANJIN RUIXIN TECHNOLOGY is an attractive option worth considering.
The ex-dividend date is set to be May 19 2023, after which any shareholders that have purchased their shares before or on this date will be eligible to receive the dividend payout. The company also has sound financials, with increasing profits over the past few years and a healthy balance sheet. This makes it an attractive investment option for those looking for a reliable dividend yielding stock.
Stock Price
On the same day, the company’s stock opened at CNY14.0 and closed at CNY14.2, representing a 1.7% increase from its prior closing price of CNY14.0. This dividend announcement is the latest in a series of positive financial moves by TIANJIN RUIXIN TECHNOLOGY, indicating a strong outlook for the company. Investors should keep an eye on how the stock performs in the coming weeks, as the dividend could have a positive effect on the stock’s value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Tianjin Ruixin Technology. More…
| Total Revenues | Net Income | Net Margin |
| 776.28 | 93.59 | 12.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Tianjin Ruixin Technology. More…
| Operations | Investing | Financing |
| 74.11 | -95.75 | 45.76 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Tianjin Ruixin Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 983 | 127.61 | 5.16 |
Key Ratios Snapshot
Some of the financial key ratios for Tianjin Ruixin Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 33.3% | 12.8% | 13.8% |
| FCF Margin | ROE | ROA |
| 8.1% | 7.9% | 6.8% |
Analysis
At GoodWhale, we recently conducted an analysis of TIANJIN RUIXIN TECHNOLOGY from a wellbeing perspective. Our Risk Rating system has determined that TIANJIN RUIXIN TECHNOLOGY is a high risk investment in terms of financial and business aspects. In our analysis, we have detected 3 risk warnings in the income sheet, balance sheet and cashflow statement. If you are interested in learning more, we invite you to become a registered user of GoodWhale and check out the full report. As a user, you will gain access to the full details and insights of our analysis. More…
Peers
The competition between Tianjin Ruixin Technology Co Ltd and its competitors is an intense one. Ningbo Jintian Copper Group Co Ltd, ZYF Lopsking Material Technology Co Ltd, and Tung Kuang Industrial JSC are all formidable rivals in this competitive landscape, pushing each other to innovate, improve, and stay ahead of the game.
– Ningbo Jintian Copper Group Co Ltd ($SHSE:601609)
Ningbo Jintian Copper Group Co Ltd is a Chinese manufacturing company that specializes in the production of copper products. As of 2023, the company has a market cap of 9.65 billion and a Return on Equity (ROE) of 6.99%. Market capitalization is a measure of a company’s size, calculated by multiplying the total number of its outstanding shares by the current stock price. The company’s market cap indicates that it is one of the larger players in the industry. ROE is a measure of profitability that compares the amount of profits generated to the amount of shareholders’ equity. The company’s ROE of 6.99% indicates that it is able to generate high returns for its shareholders.
– ZYF Lopsking Material Technology Co Ltd ($SZSE:002333)
Lopsking Material Technology Co Ltd is a leading manufacturer and supplier of advanced materials technology. The company is known for its commitment to innovation and providing cutting-edge materials solutions. With a market cap of 4 billion dollars as of 2023, Lopsking Material Technology Co Ltd has a strong presence in the industry. Additionally, the company has an impressive Return on Equity (ROE) of -0.37%, indicating that the company is able to generate returns on its invested capital. The company is committed to delivering the highest quality materials solutions to its customers and continually innovating to keep up with the changing needs of the industry.
Summary
TIANJIN RUIXIN TECHNOLOGY offers a reliable and consistent dividend yield, averaging 2.42% over the past three years. This suggests that the company has been performing well over the period and investors are being rewarded for their commitment. The low dividend yield may not offer high returns, but can provide steady income for investors looking for a low risk return. The company’s financial performance and overall outlook should be considered when making a decision to invest in the company.
Additionally, risk factors such as market volatility and macroeconomic policies may also affect the performance of the stock. Analysis of the company fundamentals and industry trends are necessary for investors to make an informed decision.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
