Tong Ming Enterprise Co (TPE:5538) Dividend Payout Ratio : 0.00 (As of Mar. 2024)

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What is Tong Ming Enterprise Co Dividend Payout Ratio?

Tong Ming Enterprise Co's dividend payout ratio for the months ended in Mar. 2024 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tong Ming Enterprise Co Ltd is 1.75, which seems too high.

The historical rank and industry rank for Tong Ming Enterprise Co's Dividend Payout Ratio or its related term are showing as below:

TPE:5538' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.23 Med: 0.61 Max: 2.94
Current: 1.75

During the past 13 years, the highest Dividend Payout Ratio of Tong Ming Enterprise Co was 2.94. The lowest was 0.23. And the median was 0.61.

TPE:5538's Dividend Payout Ratio is ranked worse than
93.29% of 313 companies
in the Steel industry
Industry Median: 0.29 vs TPE:5538: 1.75

As of today (2024-05-25), the Dividend Yield % of Tong Ming Enterprise Co is 6.22%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tong Ming Enterprise Co was 15.76%. The lowest was 2.80%. And the median was 5.62%.

Tong Ming Enterprise Co's Dividends per Share for the months ended in Mar. 2024 was NT$0.00.

During the past 12 months, Tong Ming Enterprise Co's average Dividends Per Share Growth Rate was -37.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tong Ming Enterprise Co was 26.00% per year. The lowest was -9.80% per year. And the median was 11.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Tong Ming Enterprise Co Dividend Payout Ratio Historical Data

The historical data trend for Tong Ming Enterprise Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Tong Ming Enterprise Co Dividend Payout Ratio Chart

Tong Ming Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.77

0.52

0.23

0.70

2.94

Tong Ming Enterprise Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															-	5.63	-	-	-

Competitive Comparison of Tong Ming Enterprise Co's Dividend Payout Ratio

For the Steel subindustry, Tong Ming Enterprise Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tong Ming Enterprise Co's Dividend Payout Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Tong Ming Enterprise Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tong Ming Enterprise Co's Dividend Payout Ratio falls into.

Tong Ming Enterprise Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Tong Ming Enterprise Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	2	/	0.681
	=	2.94

Tong Ming Enterprise Co's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0	/	0.571
	=	0.00

Tong Ming Enterprise Co (TPE:5538) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Tong Ming Enterprise Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Tong Ming Enterprise Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tong Ming Enterprise Co (TPE:5538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Tong Ming Enterprise Co Ltd (TPE:5538) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88, Changsheng East Road, Economic Development Zone, Zhejiang Province, Jiaxing, CHN, 314003

Website

http://www.the.com.cn

Tong Ming Enterprise Co Ltd is specialized in manufacturing and selling brand stainless steel fasteners and wires. It derives the maximum revenue from Fasteners products. Geographically, the company operates in China. It serves industries such as curtain wall, high-speed rail, communication, new energy, shipbuilding, and foreign engineering projects.

Tong Ming Enterprise Co (TPE:5538) Headlines

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