Qingdao Sentury Tire Co., Ltd.

XSEC:002984 Stock Report

Market Cap: CN¥26.2b

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 Yield2.1%
Future Dividend Yield2.4%
Dividend Growth49.4%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per shareCN¥0.420
Payout ratio21%

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
How does 002984 dividend yield compare to the market?
SegmentDividend 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.


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