Shandong Linglong TyreLtd Dividend
Dividend criteria checks 2/6
Shandong Linglong TyreLtd is a dividend paying company with a current yield of 1.28% that is well covered by earnings.
Key information
1.3%
Dividend yield
26%
Payout ratio
| Industry average yield | 1.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥1.11 |
| Dividend yield forecast in 3Y | 3.0% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 601966 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 601966's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Shandong Linglong TyreLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (601966) | 1.3% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Auto Components) | 1.4% |
| Analyst forecast in 3 Years (601966) | 3.0% |
Notable Dividend: 601966's dividend (1.28%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 601966's dividend (1.28%) is low compared to the top 25% of dividend payers in the CN market (2.35%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (26.1%), 601966's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 601966 is paying a dividend but the company has no free cash flows.