Ningbo Shenglong Automotive Powertrain SystemLtd Dividend
Dividend criteria checks 1/6
Ningbo Shenglong Automotive Powertrain SystemLtd is a dividend paying company with a current yield of 0.31% that is well covered by earnings.
Key information
0.3%
Dividend yield
35%
Payout ratio
| Industry average yield | 1.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.070 |
| Earnings per share | CN¥0.20 |
| Dividend yield forecast | 1.0% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603178 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603178 has only been paying a dividend for 7 years, and since then payments have fallen.
Dividend Yield vs Market
| Ningbo Shenglong Automotive Powertrain SystemLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603178) | 0.3% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Auto Components) | 1.5% |
| Analyst forecast (603178) (up to 3 years) | 1.0% |
Notable Dividend: 603178's dividend (0.31%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.58%).
High Dividend: 603178's dividend (0.31%) is low compared to the top 25% of dividend payers in the CN market (2.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.9%), 603178's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603178 is paying a dividend but the company has no free cash flows.