Zhejiang Meilun Elevator Dividends and Buybacks
Dividend criteria checks 3/6
Zhejiang Meilun Elevator is a dividend paying company with a current yield of 2.14% that is well covered by earnings.
Key information
2.1%
Dividend yield
1.0%
Buyback Yield
| Total Shareholder Yield | 3.1% |
| Future Dividend Yield | n/a |
| Dividend Growth | 15.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.150 |
| Payout ratio | 35% |
Recent dividend and buyback updates
Recent updates
Zhejiang Meilun Elevator's (SHSE:603321) Profits May Not Reveal Underlying Issues
Nov 04
Cautious Investors Not Rewarding Zhejiang Meilun Elevator Co., Ltd.'s (SHSE:603321) Performance Completely
Jul 19We Think You Should Be Aware Of Some Concerning Factors In Zhejiang Meilun Elevator's (SHSE:603321) Earnings
May 03There's Reason For Concern Over Zhejiang Meilun Elevator Co., Ltd.'s (SHSE:603321) Massive 36% Price Jump
Mar 09Zhejiang Meilun Elevator (SHSE:603321) Could Be Struggling To Allocate Capital
Feb 29Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603321 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603321's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Zhejiang Meilun Elevator Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603321) | 2.1% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Machinery) | 1.7% |
| Analyst forecast (603321) (up to 3 years) | n/a |
Notable Dividend: 603321's dividend (2.14%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 603321's dividend (2.14%) is low compared to the top 25% of dividend payers in the CN market (2.17%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.6%), 603321's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (50%), 603321's dividend payments are well covered by cash flows.