Shandong Linglong TyreLtd Dividends and Buybacks
Dividend criteria checks 3/6
Shandong Linglong TyreLtd is a dividend paying company with a current yield of 2.16% that is well covered by earnings.
Key information
2.2%
Dividend yield
0.4%
Buyback Yield
| Total Shareholder Yield | 2.6% |
| Future Dividend Yield | 4.0% |
| Dividend Growth | 4.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.400 |
| Payout ratio | 19% |
Recent dividend and buyback updates
Recent updates
We Think Shandong Linglong TyreLtd (SHSE:601966) Can Stay On Top Of Its Debt
Dec 19
The Market Doesn't Like What It Sees From Shandong Linglong Tyre Co.,Ltd.'s (SHSE:601966) Earnings Yet
Nov 18Is There Now An Opportunity In Shandong Linglong Tyre Co.,Ltd. (SHSE:601966)?
Oct 02Is Shandong Linglong TyreLtd (SHSE:601966) A Risky Investment?
Sep 17Shandong Linglong TyreLtd's (SHSE:601966) Returns Have Hit A Wall
Aug 28Not Many Are Piling Into Shandong Linglong Tyre Co.,Ltd. (SHSE:601966) Just Yet
Aug 13What Is Shandong Linglong Tyre Co.,Ltd.'s (SHSE:601966) Share Price Doing?
Jun 28We Think Shandong Linglong TyreLtd (SHSE:601966) Is Taking Some Risk With Its Debt
May 28Shandong Linglong TyreLtd (SHSE:601966) Could Be Struggling To Allocate Capital
May 13Shandong Linglong Tyre Co.,Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than Expected
Apr 27At CN¥20.65, Is It Time To Put Shandong Linglong Tyre Co.,Ltd. (SHSE:601966) On Your Watch List?
Mar 27Shandong Linglong TyreLtd (SHSE:601966) Takes On Some Risk With Its Use Of Debt
Feb 27Stability 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 8 years.
Dividend Yield vs Market
| Shandong Linglong TyreLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (601966) | 2.2% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Auto Components) | 1.5% |
| Analyst forecast (601966) (up to 3 years) | 4.0% |
Notable Dividend: 601966's dividend (2.16%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 601966's dividend (2.16%) is in the top 25% of dividend payers in the CN market (2.12%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (19.4%), 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.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/25 22:05 |
| End of Day Share Price | 2024/12/25 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Shandong Linglong Tyre Co.,Ltd. is covered by 14 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Siti Bte Salikin | CFRA Equity Research |
| Ce Zhou | Chasing Securities |
| Kaiming Fu | China International Capital Corporation Limited |