Guizhou TyreLtd Dividend
Dividend criteria checks 4/6
Guizhou TyreLtd is a dividend paying company with a current yield of 4% that is well covered by earnings.
Key information
4.0%
Dividend yield
27%
Payout ratio
| Industry average yield | 1.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.200 |
| Earnings per share | CN¥0.59 |
| Dividend yield forecast | 0% |
Recent dividend updates
Recent updates
We Think Guizhou TyreLtd (SZSE:000589) Can Stay On Top Of Its Debt
Aug 22
Guizhou TyreLtd (SZSE:000589) Is Experiencing Growth In Returns On Capital
Jul 22Guizhou Tyre Co.,Ltd.'s (SZSE:000589) Prospects Need A Boost To Lift Shares
Jun 25Guizhou TyreLtd's (SZSE:000589) Promising Earnings May Rest On Soft Foundations
Apr 23Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 000589's dividend payments have been volatile in the past 10 years.
Growing Dividend: 000589's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Guizhou TyreLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (000589) | 4.0% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.5% |
| Industry Average (Auto Components) | 1.7% |
| Analyst forecast (000589) (up to 3 years) | 0% |
Notable Dividend: 000589's dividend (4%) is higher than the bottom 25% of dividend payers in the CN market (0.69%).
High Dividend: 000589's dividend (4%) is in the top 25% of dividend payers in the CN market (2.54%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (26.6%), 000589's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (3019.5%), 000589's dividend payments are not well covered by cash flows.