Shandong Donghong Pipe Industry Dividend
Dividend criteria checks 3/6
Shandong Donghong Pipe Industry is a dividend paying company with a current yield of 1.81% that is well covered by earnings.
Key information
1.8%
Dividend yield
29%
Payout ratio
Industry average yield | 3.2% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CN¥0.64 |
Dividend yield forecast in 3Y | 1.8% |
Recent dividend updates
No updates
Recent 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 |
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Segment | Dividend Yield |
---|---|
Company (603856) | 1.8% |
Market Bottom 25% (CN) | 0.7% |
Market Top 25% (CN) | 2.6% |
Industry Average (Building) | 3.2% |
Analyst forecast in 3 Years (603856) | 1.8% |
Notable Dividend: 603856's dividend (1.81%) is higher than the bottom 25% of dividend payers in the CN market (0.72%).
High Dividend: 603856's dividend (1.81%) is low compared to the top 25% of dividend payers in the CN market (2.6%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.5%), 603856's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (53.5%), 603856's dividend payments are covered by cash flows.