Zhejiang Meilun Elevator Dividend
Dividend criteria checks 3/6
Zhejiang Meilun Elevator is a dividend paying company with a current yield of 2.22% that is well covered by earnings.
Key information
2.2%
Dividend yield
32%
Payout ratio
| Industry average yield | 1.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.150 |
| Earnings per share | CN¥0.47 |
| Dividend yield forecast | n/a |
Recent dividend updates
No updates
Recent updates
Cautious Investors Not Rewarding Zhejiang Meilun Elevator Co., Ltd.'s (SHSE:603321) Performance Completely
Jul 19
We 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) | 2.2% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Machinery) | 1.6% |
| Analyst forecast (603321) (up to 3 years) | n/a |
Notable Dividend: 603321's dividend (2.22%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 603321's dividend (2.22%) is low compared to the top 25% of dividend payers in the CN market (2.43%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.1%), 603321's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (47.8%), 603321's dividend payments are well covered by cash flows.