Ningbo Ronbay New Energy TechnologyLtd Dividend
Dividend criteria checks 2/6
Ningbo Ronbay New Energy TechnologyLtd is a dividend paying company with a current yield of 0.99% that is well covered by earnings.
Key information
1.0%
Dividend yield
60%
Payout ratio
| Industry average yield | 1.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥0.48 |
| Dividend yield forecast in 3Y | 1.9% |
Recent dividend updates
No updates
Recent updates
Earnings Troubles May Signal Larger Issues for Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Shareholders
Apr 21
Market Might Still Lack Some Conviction On Ningbo Ronbay New Energy Technology Co.,Ltd. (SHSE:688005) Even After 28% Share Price Boost
Apr 09Does Ningbo Ronbay New Energy TechnologyLtd (SHSE:688005) Have A Healthy Balance Sheet?
Mar 20Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 688005 has been paying a dividend for less than 10 years.
Growing Dividend: 688005's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| Ningbo Ronbay New Energy TechnologyLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (688005) | 1.0% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Electrical) | 1.8% |
| Analyst forecast in 3 Years (688005) | 1.9% |
Notable Dividend: 688005's dividend (0.99%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 688005's dividend (0.99%) is low compared to the top 25% of dividend payers in the CN market (2.35%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (60%), 688005's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 688005 is paying a dividend but the company has no free cash flows.