Zhejiang Sling Automobile Bearing Dividend
Dividend criteria checks 3/6
Zhejiang Sling Automobile Bearing is a dividend paying company with a current yield of 0.97% that is well covered by earnings.
Key information
1.0%
Dividend yield
29%
Payout ratio
| Industry average yield | 1.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.400 |
| Earnings per share | CN¥1.62 |
| Dividend yield forecast | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 301550's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 301550's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Zhejiang Sling Automobile Bearing Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (301550) | 1.0% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.5% |
| Industry Average (Auto Components) | 1.7% |
| Analyst forecast (301550) (up to 3 years) | n/a |
Notable Dividend: 301550's dividend (0.97%) is higher than the bottom 25% of dividend payers in the CN market (0.69%).
High Dividend: 301550's dividend (0.97%) is low compared to the top 25% of dividend payers in the CN market (2.54%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.8%), 301550's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (29.5%), 301550's dividend payments are well covered by cash flows.