Shanghai Lianming Machinery Co., Ltd.

SHSE:603006 Stock Report

Market Cap: CN¥2.6b

Shanghai Lianming Machinery Dividend

Dividend criteria checks 4/6

Shanghai Lianming Machinery is a dividend paying company with a current yield of 3.69% that is well covered by earnings.

Key information

3.7%

Dividend yield

64%

Payout ratio

Industry average yield1.3%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Earnings per shareCN¥0.59
Dividend yield forecast in 3Yn/a

Recent dividend updates

No updates

Recent updates

Shanghai Lianming Machinery Co., Ltd. (SHSE:603006) Surges 35% Yet Its Low P/E Is No Reason For Excitement

Mar 08
Shanghai Lianming Machinery Co., Ltd. (SHSE:603006) Surges 35% Yet Its Low P/E Is No Reason For Excitement

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: 603006 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603006's dividend payments have increased, but the company has only paid a dividend for 9 years.


Dividend Yield vs Market

Shanghai Lianming Machinery Dividend Yield vs Market
How does 603006 dividend yield compare to the market?
SegmentDividend Yield
Company (603006)3.7%
Market Bottom 25% (CN)0.6%
Market Top 25% (CN)2.3%
Industry Average (Auto Components)1.3%
Analyst forecast in 3 Years (603006)n/a

Notable Dividend: 603006's dividend (3.69%) is higher than the bottom 25% of dividend payers in the CN market (0.6%).

High Dividend: 603006's dividend (3.69%) is in the top 25% of dividend payers in the CN market (2.27%)


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (64.4%), 603006's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (51.7%), 603006's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.