Allied Machinery Dividend
Dividend criteria checks 2/6
Allied Machinery is a dividend paying company with a current yield of 2.36% that is well covered by earnings. Next payment date is on 25th June, 2024 with an ex-dividend date of 25th June, 2024.
Key information
2.4%
Dividend yield
34%
Payout ratio
| Industry average yield | 1.9% |
| Next dividend pay date | 25 Jun 24 |
| Ex dividend date | 25 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | CN¥1.02 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 605060 has been paying a dividend for less than 10 years.
Growing Dividend: 605060's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Allied Machinery Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (605060) | 2.4% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.6% |
| Industry Average (Machinery) | 1.9% |
| Analyst forecast in 3 Years (605060) | n/a |
Notable Dividend: 605060's dividend (2.36%) is higher than the bottom 25% of dividend payers in the CN market (0.68%).
High Dividend: 605060's dividend (2.36%) is low compared to the top 25% of dividend payers in the CN market (2.47%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34%), 605060's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 605060 is paying a dividend but the company has no free cash flows.