Synnex Technology International (2347.TW) Dividends
Market Cap: $118.26B
Avg Volume: 3.99M
Industry: Computer Hardware
Sector: Technology
Dividend Overview
Synnex Technology International (2347.TW) pays a annual dividend to its shareholders. The current dividend yield is 4.04%, which means that for every $100 invested at the current price, investors would receive approximately $4.04 in dividends per year (this can change based on future dividend payments and price movements).
About 2347.TW's Dividend
Synnex Technology International pays a annual dividend. The total annual dividend is approximately $3.00 per share, meaning for each share you own, you'll receive about $3.00 in dividends over the course of a year.
The most recent ex-dividend date was June 24, 2024. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Synnex Technology International's payout ratio is 0.54% which means that 0.54% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
Synnex Technology International's dividend has grown by 0.14% over the past year. A positive growth rate can be a sign of the company's confidence in its future earnings.
2347.TW Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $3 | 4.04% | June 24, 2024 | June 25, 2024 | July 19, 2024 | |
| $3.5 | 5.91% | June 07, 2023 | June 08, 2023 | July 06, 2023 | |
| $5 | 8.13% | June 09, 2022 | June 10, 2022 | July 06, 2022 | |
| $3.3 | 6.04% | June 08, 2021 | June 09, 2021 | July 06, 2021 | |
| $2.6 | 6.19% | June 16, 2020 | June 17, 2020 | July 15, 2020 | |
| $2 | 5.46% | August 23, 2019 | August 26, 2019 | September 20, 2019 | |
| $2.2 | 5.39% | August 22, 2018 | August 23, 2018 | September 19, 2018 | |
| $1 | 2.95% | August 28, 2017 | August 29, 2017 | September 22, 2017 | |
| $1.42857 | 4.25% | August 30, 2016 | |||
| $3.14286 | 8.51% | July 30, 2015 | |||
| $2.66667 | 5.82% | July 10, 2014 | |||
| $1.90476 | 5.12% | July 25, 2013 | |||
| $3.80901 | 6.32% | July 25, 2012 | |||
| $2.14111 | 3.08% | July 21, 2011 | |||
| $2.0806 | 3.30% | August 13, 2010 | |||
| $1.12633 | 2.19% | August 12, 2009 | |||
| $1.8195 | 2.38% | July 23, 2008 | |||
| $1.6678 | 2.06% | August 09, 2007 | |||
| $1.3646 | 4.34% | July 27, 2006 | |||
| $1.0007 | 2.30% | August 16, 2005 | |||
| $1.8195 | 4.26% | August 09, 2004 | |||
| $1.3646 | 3.36% | July 15, 2003 | |||
| $0.9097 | 3.29% | June 26, 2002 | |||
| $0.5004 | 1.41% | June 28, 2001 | |||
| $1.0007 | 1.09% | July 10, 2000 |
Dividend Growth
Synnex Technology International (2347.TW) dividend payments have grown 14.29% over the past year
Note: This growth rate represents the year-over-year growth in total dividends paid by the company, which may differ from the growth in dividends per share if the number of outstanding shares has changed.
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for 2347.TW
- Dividend Payout Ratio: 0.54% Low risk
- Dividend & Capex Coverage Ratio: 2.53x Strong coverage
- Dividend Frequency: Annual
- Recent Dividend Growth: 0.14% Positive
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Synnex Technology International's payout ratio is 0.54% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 2.53x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This strong ratio above 1.5x indicates Synnex Technology International can comfortably cover its dividends and necessary investments from its operating cash flow.
Synnex Technology International's dividend growth rate of 0.14% is positive but modest, indicating steady but cautious dividend policies.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.