Qingdao Sentury Tire Dividends and Buybacks
Dividend criteria checks 2/6
Qingdao Sentury Tire is a dividend paying company with a current yield of 1.65% that is well covered by earnings.
Key information
1.6%
Dividend yield
0.4%
Buyback Yield
| Total Shareholder Yield | 2.1% |
| Future Dividend Yield | 2.4% |
| Dividend Growth | 49.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.420 |
| Payout ratio | 21% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002984 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002984's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| Qingdao Sentury Tire Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002984) | 1.6% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.0% |
| Industry Average (Auto Components) | 1.4% |
| Analyst forecast (002984) (up to 3 years) | 2.4% |
Notable Dividend: 002984's dividend (1.65%) is higher than the bottom 25% of dividend payers in the CN market (0.52%).
High Dividend: 002984's dividend (1.65%) is low compared to the top 25% of dividend payers in the CN market (2.03%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (20.8%), 002984's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002984 is paying a dividend but the company has no free cash flows.