Zhejiang Dingli Machinery Co.,Ltd

SHSE:603338 Stock Report

Market Cap: CN¥33.5b

Zhejiang Dingli MachineryLtd Dividend

Dividend criteria checks 3/6

Zhejiang Dingli MachineryLtd is a dividend paying company with a current yield of 1.51% that is well covered by earnings.

Key information

1.5%

Dividend yield

27%

Payout ratio

Industry average yield1.8%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Earnings per shareCN¥3.65
Dividend yield forecast in 3Y2.0%

Recent dividend updates

No updates

Recent updates

Zhejiang Dingli MachineryLtd (SHSE:603338) Seems To Use Debt Rather Sparingly

May 08
Zhejiang Dingli MachineryLtd (SHSE:603338) Seems To Use Debt Rather Sparingly

Zhejiang Dingli Machinery Co.,Ltd's (SHSE:603338) Shares Lagging The Market But So Is The Business

Apr 25
Zhejiang Dingli Machinery Co.,Ltd's (SHSE:603338) Shares Lagging The Market But So Is The Business

Zhejiang Dingli MachineryLtd (SHSE:603338) Hasn't Managed To Accelerate Its Returns

Mar 29
Zhejiang Dingli MachineryLtd (SHSE:603338) Hasn't Managed To Accelerate Its Returns

Here's Why We Think Zhejiang Dingli MachineryLtd (SHSE:603338) Might Deserve Your Attention Today

Mar 15
Here's Why We Think Zhejiang Dingli MachineryLtd (SHSE:603338) Might Deserve Your Attention Today

At CN¥57.49, Is It Time To Put Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) On Your Watch List?

Feb 29
At CN¥57.49, Is It Time To Put Zhejiang Dingli Machinery Co.,Ltd (SHSE:603338) On Your Watch List?

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: 603338 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603338's dividend payments have increased, but the company has only paid a dividend for 9 years.


Dividend Yield vs Market

Zhejiang Dingli MachineryLtd Dividend Yield vs Market
How does 603338 dividend yield compare to the market?
SegmentDividend Yield
Company (603338)1.5%
Market Bottom 25% (CN)0.7%
Market Top 25% (CN)2.3%
Industry Average (Machinery)1.8%
Analyst forecast in 3 Years (603338)2.0%

Notable Dividend: 603338's dividend (1.51%) is higher than the bottom 25% of dividend payers in the CN market (0.66%).

High Dividend: 603338's dividend (1.51%) is low compared to the top 25% of dividend payers in the CN market (2.28%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.3%), 603338's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (27.5%), 603338's dividend payments are well covered by cash flows.


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