Shandong Linglong TyreLtd Dividends and Buybacks
Dividend criteria checks 2/6
Shandong Linglong TyreLtd is a dividend paying company with a current yield of 2.09% that is well covered by earnings.
Key information
2.1%
Dividend yield
0.4%
Buyback Yield
| Total Shareholder Yield | 2.5% |
| Future Dividend Yield | 3.9% |
| Dividend Growth | 4.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.400 |
| Payout ratio | 19% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 601966 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 601966's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Shandong Linglong TyreLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (601966) | 2.1% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Auto Components) | 1.5% |
| Analyst forecast (601966) (up to 3 years) | 3.9% |
Notable Dividend: 601966's dividend (2.09%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 601966's dividend (2.09%) is low compared to the top 25% of dividend payers in the CN market (2.13%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (19.4%), 601966's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 601966 is paying a dividend but the company has no free cash flows.