If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Sun Max Tech Ltd is 0.90, which seems too high.
During the past 11 years, the highest Dividend Payout Ratio of Sun Max Tech was 1.30. The lowest was 0.27. And the median was 0.46.
During the past 12 months, Sun Max Tech's average Dividends Per Share Growth Rate was -30.90% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 40.20% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 22.90% per year.
During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Sun Max Tech was 40.20% per year. The lowest was 4.60% per year. And the median was 25.70% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Sun Max Tech Dividend Yield % Historical Data
The historical data trend for Sun Max Tech's Dividend Yield % 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.
Competitive Comparison of Sun Max Tech's Dividend Yield %
For the Computer Hardware subindustry, Sun Max Tech's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
Sun Max Tech's Dividend Yield % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Sun Max Tech's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Sun Max Tech's Dividend Yield % falls into.
Sun Max Tech Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Sun Max Tech Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
TWD 2.721346
2024-07-05
2024-07-08
2024-07-29
Cash Dividend
annually
TWD:TWD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Sun Max Tech's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
2.721346
/
51.40
=
5.29 %
Current Share Price is NT$51.40. Sun Max Tech's Dividends per Share for the trailing twelve months (TTM) ended in Today is NT$2.721346.
Sun Max Tech's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
2.721346
/
51.40
=
5.29 %
Current Share Price is NT$51.40. Sun Max Tech's Dividends per Share for the forward twelve months is calculated as NT$2.721346 * 1 = NT$2.721346.
* 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.
Sun Max Tech (TPE:6591) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
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.
Thank you for viewing the detailed overview of Sun Max Tech's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Sun Max Tech Ltd is engaged in the research and development, production, and sales of DC brushless cooling fans, liquid cooling pumps, and other computer-related accessories in Taiwan. Its products are mainly used for personal computers (PC), communications networks, and Industrial control. The company generates maximum revenue from a Cooling fan. Geographically, it derives a majority of its revenue from China and also has a presence in Taiwan and Other countries.
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