Olympic Circuit Technology dividend – Olympic Circuit Technology Co Ltd Announces 0.6 Cash Dividend

🌥️Dividends Yield

Olympic Circuit Technology ($SHSE:603920) Co Ltd recently announced that it will be issuing a cash dividend of 0.6 CNY per share on June 2 2023, amounting to a 3.64% dividend yield. This is the same rate as the previous three years, where the company had declared an annual dividend per share of 0.6, 0.6, and 0.46 CNY, respectively, resulting in a 3.64%, 3.64%, and 3.57% yield from 2021 to 2023. The ex-dividend date for this dividend payment is also June 2 2023.

With an average yield of 3.62%, investors can benefit from this steady dividend income while also enjoying the long-term potential growth of their capital. It is also worth noting that the company has consistently been paying out dividends over the last few years, making it a reliable source of income for investors.

Stock Price

The news saw the company’s stock dropping by 5.8% from its last closing price of CNY20.0, opening at CNY19.2 and closing at CNY18.9. This announcement from OLYMPIC CIRCUIT TECHNOLOGY comes as the company seeks to reward its shareholders for their loyalty and commitment to the company’s growth and success over the years. This dividend payment is expected to improve the company’s liquidity position and will likely create a more attractive investment opportunity for potential investors.

In addition, the dividend payment is also indicative of OLYMPIC CIRCUIT TECHNOLOGY’s confidence in its future prospects and ability to generate consistent returns for its shareholders. With its commitment to high-quality technology products, the company is well-positioned to take advantage of the growing demand in this sector and continue its growth trajectory in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Olympic Circuit Technology. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Olympic Circuit Technology. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Olympic Circuit Technology. More…

Key Ratios Snapshot

Some of the financial key ratios for Olympic Circuit Technology are shown below. More…

Analysis

At GoodWhale, we specialize in analyzing companies’ financials with sophisticated metrics and analytics. Recently, we’ve been looking at OLYMPIC CIRCUIT TECHNOLOGY’s financials, and have found that the company has a high health score of 8/10 with regard to its cashflows and debt. This indicates that it is capable to sustain future operations in times of crisis. When we look closer at the data, we classify OLYMPIC CIRCUIT TECHNOLOGY as a ‘cheetah’ company – one that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for companies with high growth rates may be interested in this type of company. When it comes to its financials, OLYMPIC CIRCUIT TECHNOLOGY is strong in growth, and medium in asset, dividend, and profitability. All of this combined makes it a good investment opportunity. More…

Peers

Olympic Circuit Technology Co Ltd is one of the leading companies in the electronics industry, competing with Sihui Fuji Electronics Technology Co Ltd, Changzhou Aohong Electronics Co Ltd, and Guangdong Champion Asia Electronics Co Ltd. These companies provide customers with a wide range of products and services in the electronics industry, ranging from consumer products to industrial goods.

– Sihui Fuji Electronics Technology Co Ltd ($SZSE:300852)

Sihui Fuji Electronics Technology Co Ltd is a leading manufacturer of computer components and consumer electronics. The company has been a major player in the market for many years and is known for producing high quality, reliable products. As of 2023, the company has a market capitalization of 4.18 billion and a Return on Equity of 13.31%. This suggests that the company is well-managed and is generating strong returns from its investments. The company is also well-positioned to benefit from the growing demand for computer components and consumer electronics in the global market.

– Changzhou Aohong Electronics Co Ltd ($SHSE:605058)

Changzhou Aohong Electronics Co Ltd is a leading provider of technology-driven electronic products and services. With a market capitalization of 3.04 billion as of 2023, the company has been able to maintain a strong position in the industry. Additionally, the company has been able to maintain a healthy Return on Equity of 6.09%, indicating that the company is generating healthy returns for its investors. The company’s products and services range from semiconductors and electronic components to consumer electronics. The company’s focus on high-tech products and services have helped it build a loyal customer base and a successful business.

– Guangdong Champion Asia Electronics Co Ltd ($SHSE:603386)

Guangdong Champion Asia Electronics Co Ltd is a multinational electronics company based in China. It has a market capitalization of 3.8 billion as of 2023, making it one of the largest companies in the country. The company has a strong Return on Equity (ROE) of 6.58%, which is indicative of its strong financial performance. Guangdong Champion Asia Electronics Co Ltd manufactures and distributes advanced electronics components and systems to the consumer market. The company has a strong global presence, with sales offices in over ten countries throughout Asia, Europe and North America. With strong financial performance and a steadily increasing market capitalization, Guangdong Champion Asia Electronics Co Ltd is well positioned for continued growth and success in the coming years.

Summary

OLYMPIC CIRCUIT TECHNOLOGY is a promising stock to consider for dividend investors, as it has declared an annual dividend per share of 0.6, 0.6, and 0.46 CNY for the past three years, resulting in an average yield of 3.62%. This stock offers a steady and reliable source of income, with its dividend yield expected to remain consistent over the next few years. Investors should weigh the risks and potential rewards associated with investing in this company, as well as its other financial fundamentals, before making an investment decision.