SEC Electric Machinery Dividend
Dividend criteria checks 2/6
SEC Electric Machinery is a dividend paying company with a current yield of 0.62% that is well covered by earnings. Next payment date is on 8th May, 2024 with an ex-dividend date of 8th May, 2024.
Key information
0.6%
Dividend yield
33%
Payout ratio
| Industry average yield | 1.7% |
| Next dividend pay date | 08 May 24 |
| Ex dividend date | 08 May 24 |
| Dividend per share | n/a |
| Earnings per share | CN¥0.18 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603988 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603988 has only been paying a dividend for 9 years, and since then payments have fallen.
Dividend Yield vs Market
| SEC Electric Machinery Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603988) | 0.6% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Electrical) | 1.7% |
| Analyst forecast in 3 Years (603988) | n/a |
Notable Dividend: 603988's dividend (0.62%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 603988's dividend (0.62%) is low compared to the top 25% of dividend payers in the CN market (2.35%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (33.3%), 603988's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (40%), 603988's dividend payments are well covered by cash flows.