Shandong Donghong Pipe Industry Dividends and Buybacks
Dividend criteria checks 2/6
Shandong Donghong Pipe Industry is a dividend paying company with a current yield of 1.62% that is well covered by earnings.
Key information
1.6%
Dividend yield
-0.01%
Buyback Yield
| Total Shareholder Yield | 1.6% |
| Future Dividend Yield | 1.6% |
| Dividend Growth | 1.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.189 |
| Payout ratio | 27% |
Recent dividend and buyback updates
No updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603856 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603856's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Shandong Donghong Pipe Industry Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603856) | 1.6% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Building) | 2.6% |
| Analyst forecast (603856) (up to 3 years) | 1.6% |
Notable Dividend: 603856's dividend (1.62%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 603856's dividend (1.62%) 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 (27.4%), 603856's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603856 is paying a dividend but the company has no free cash flows.