Wuxi New Hongtai Electrical TechnologyLtd Dividend
Dividend criteria checks 3/6
Wuxi New Hongtai Electrical TechnologyLtd is a dividend paying company with a current yield of 1.73% that is well covered by earnings.
Key information
1.7%
Dividend yield
67%
Payout ratio
Industry average yield | 1.8% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CN¥0.46 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603016 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603016 has only been paying a dividend for 7 years, and since then payments have fallen.
Dividend Yield vs Market
Wuxi New Hongtai Electrical TechnologyLtd Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (603016) | 1.7% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.3% |
Industry Average (Electrical) | 1.8% |
Analyst forecast in 3 Years (603016) | n/a |
Notable Dividend: 603016's dividend (1.73%) is higher than the bottom 25% of dividend payers in the CN market (0.64%).
High Dividend: 603016's dividend (1.73%) is low compared to the top 25% of dividend payers in the CN market (2.28%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67.4%), 603016's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (45.1%), 603016's dividend payments are well covered by cash flows.