Zhejiang Weigang Technology Dividends and Buybacks
Dividend criteria checks 3/6
Zhejiang Weigang Technology is a dividend paying company with a current yield of 1.06% that is well covered by earnings.
Key information
1.1%
Dividend yield
-0.7%
Buyback Yield
| Total Shareholder Yield | 0.4% |
| Future Dividend Yield | n/a |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.200 |
| Payout ratio | 29% |
Recent dividend and buyback updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 001256 has been paying a dividend for less than 10 years.
Growing Dividend: 001256's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| Zhejiang Weigang Technology Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (001256) | 1.1% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Machinery) | 1.7% |
| Analyst forecast (001256) (up to 3 years) | n/a |
Notable Dividend: 001256's dividend (1.06%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 001256's dividend (1.06%) is low compared to the top 25% of dividend payers in the CN market (2.17%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.4%), 001256's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (35.7%), 001256's dividend payments are well covered by cash flows.