Zhejiang Xidamen New MaterialLtd is a dividend paying company with a current yield of 1.41% that is well covered by earnings. Next payment date is on 10th May, 2024 with an ex-dividend date of 10th May, 2024.
Key information
1.4%
Dividend yield
27%
Payout ratio
Industry average yield
2.7%
Next dividend pay date
10 May 24
Ex dividend date
10 May 24
Dividend per share
n/a
Earnings per share
CN¥0.71
Dividend yield forecast in 3Y
2.7%
Recent dividend updates
No updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 605155 has been paying a dividend for less than 10 years.
Growing Dividend: 605155's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
Zhejiang Xidamen New MaterialLtd Dividend Yield vs Market
How does 605155 dividend yield compare to the market?
Segment
Dividend Yield
Company (605155)
1.4%
Market Bottom 25% (CN)
0.6%
Market Top 25% (CN)
2.4%
Industry Average (Building)
2.7%
Analyst forecast in 3 Years (605155)
2.7%
Notable Dividend: 605155's dividend (1.41%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 605155's dividend (1.41%) 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 (27.3%), 605155's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (40.1%), 605155's dividend payments are well covered by cash flows.