Sumec Dividend
Dividend criteria checks 4/6
Sumec is a dividend paying company with a current yield of 3.67% that is well covered by earnings.
Key information
3.7%
Dividend yield
39%
Payout ratio
| Industry average yield | 3.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.330 |
| Earnings per share | CN¥0.84 |
| Dividend yield forecast | 4.2% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600710 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 600710's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Sumec Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600710) | 3.7% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.3% |
| Industry Average (Trade Distributors) | 3.1% |
| Analyst forecast (600710) (up to 3 years) | 4.2% |
Notable Dividend: 600710's dividend (3.67%) is higher than the bottom 25% of dividend payers in the CN market (0.58%).
High Dividend: 600710's dividend (3.67%) is in the top 25% of dividend payers in the CN market (2.28%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.3%), 600710's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (28.5%), 600710's dividend payments are well covered by cash flows.