Zhejiang Tengen ElectricsLtd Dividend
Dividend criteria checks 4/6
Zhejiang Tengen ElectricsLtd is a dividend paying company with a current yield of 3.23% that is well covered by earnings.
Key information
3.2%
Dividend yield
63%
Payout ratio
Industry average yield | 1.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CN¥0.34 |
Dividend yield forecast in 3Y | 3.2% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 605066 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 605066 has only been paying a dividend for 3 years, and since then payments have fallen.
Dividend Yield vs Market
Zhejiang Tengen ElectricsLtd Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (605066) | 3.2% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.4% |
Industry Average (Electrical) | 1.7% |
Analyst forecast in 3 Years (605066) | 3.2% |
Notable Dividend: 605066's dividend (3.23%) is higher than the bottom 25% of dividend payers in the CN market (0.64%).
High Dividend: 605066's dividend (3.23%) is in the top 25% of dividend payers in the CN market (2.35%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (62.5%), 605066's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (33.5%), 605066's dividend payments are well covered by cash flows.