Hengdian Group Tospo Lighting Dividend
Dividend criteria checks 4/6
Hengdian Group Tospo Lighting is a dividend paying company with a current yield of 2.44% that is well covered by earnings.
Key information
2.4%
Dividend yield
41%
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¥0.81 |
| Dividend yield forecast in 3Y | 4.3% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603303 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603303's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Hengdian Group Tospo Lighting Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603303) | 2.4% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Electrical) | 1.8% |
| Analyst forecast in 3 Years (603303) | 4.3% |
Notable Dividend: 603303's dividend (2.44%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 603303's dividend (2.44%) is in the top 25% of dividend payers in the CN market (2.35%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.3%), 603303's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (18.6%), 603303's dividend payments are well covered by cash flows.