Yoong Onn dividend – Yoong Onn Corp Bhd Declares 0.035 Cash Dividend
June 12, 2023
🌥️Dividends Yield
On June 1st 2023, Yoong Onn ($KLSE:5159) Corp Bhd Declares a 0.035 Cash Dividend. For those interested in dividend stocks, YOONG ONN should be seriously considered. The average dividend yield paid out over the last three years was 5.8%, with annual dividends per share of 0.06, 0.04 and 0.06 MYR distributed in 2021, 2022 and 2023 respectively.
This gave dividend yields of 5.53%, 4.35% and 7.53% for those respective years, with the ex-dividend date falling on June 27th of this year. Investing in YOONG ONN provides investors with a reliable source of income, with consistent returns over the past few years.
Market Price
This announcement was accompanied by the news that YOONG ONN stock opened at RM1.4 and closed at the same level at the end of the day, representing a decline of 2.8% from the previous closing price of RM1.4. While this announcement caused a slight dip in the stock price, many investors are still optimistic about the future prospects of YOONG ONN. The company has been consistently delivering excellent financial results and remains a strong contender in the Malaysian market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Yoong Onn. More…
| Total Revenues | Net Income | Net Margin |
| 273.08 | 40.99 | 15.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Yoong Onn. More…
| Operations | Investing | Financing |
| 20.56 | -2.33 | -16.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Yoong Onn. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 333.75 | 31.7 | 1.8 |
Key Ratios Snapshot
Some of the financial key ratios for Yoong Onn are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.9% | 44.5% | 20.1% |
| FCF Margin | ROE | ROA |
| 5.5% | 11.6% | 10.3% |
Analysis
GoodWhale has conducted an analysis of YOONG ONN’s wellbeing and found that our Risk Rating places YOONG ONN as a medium risk investment for financial and business aspects. After taking into account the latest financial information and performance, our analysis has identified two risk warnings in the income sheet and the balance sheet. To access the full results of our analysis, become a registered user and check out the insights GoodWhale provides. More…
Peers
The competition between Yoong Onn Corp Bhd and its competitors, MBV International Ltd, Merchant House International Ltd, and Taiwan Paiho Ltd, is fierce. All parties are vying for market share and profits in a highly competitive landscape. Yoong Onn Corp Bhd is determined to stay ahead of the game with its innovative products and services, while its competitors are strategically positioning themselves to gain an edge. As the rivalry intensifies, it is a battle of wits to see who will come out on top.
– MBV International Ltd ($SEHK:01957)
MBV International Ltd is a global provider of technology, engineering and services for the energy, aerospace and industrial markets. With a market capitalization of 219.8M in 2023, the company has proven to be an attractive investment for those looking to generate strong returns. MBV’s Return on Equity (ROE) of 9.24% indicates that the company has been extremely profitable, outperforming many of its peers in terms of generating shareholder value. This strong track record of success and financial performance has enabled MBV to continue to expand and develop its services, providing customers with innovative solutions that meet their needs.
– Merchant House International Ltd ($ASX:MHI)
Merchant House International Ltd is a global provider of financial services and products focused on delivering asset management and related services to clients across the globe. The company has a market capitalization of 5M as of 2023, which is relatively low compared to other industry players. Despite this, the company has posted a negative return on equity of -17.64%, indicating that it is not performing well in terms of profitability. It is likely that the company will need to take steps to improve its ROE in order to strengthen its competitive position further.
– Taiwan Paiho Ltd ($TWSE:9938)
Taiwan Paiho Ltd is a Taiwan-based manufacturer and supplier of hook and loop fasteners, as well as other products for the apparel, electronics, automotive, and medical industries. As of 2023, the company has a market cap of 16.42 billion and a Return on Equity (ROE) of 12.01%. This impressive market cap is a testament to the company’s growth over the years, as it has consistently delivered value to its shareholders. With a healthy ROE, Taiwan Paiho Ltd is able to generate returns that are significantly above the industry average, making it an attractive investment opportunity.
Summary
Yoong Onn is an attractive option for dividend investors with an average dividend yield of 5.8% over the past three years. The company’s dividend per share has been consistently high at 0.06 MYR in 2021, 0.04 MYR in 2022 and 0.06 MYR in 2023, making it a reliable source of income. Additionally, Yoong Onn’s growth potential is underpinned by its strong management team, robust financials and competitive market position. For those looking for a stable and reliable dividend stream, Yoong Onn is an option worth considering.
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