Ningbo Ligong Environment And Energy TechnologyLtd Dividend
Dividend criteria checks 4/6
Ningbo Ligong Environment And Energy TechnologyLtd is a dividend paying company with a current yield of 5.75%.
Key information
5.8%
Dividend yield
121%
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¥0.74 |
Dividend yield forecast in 3Y | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002322's dividend payments have been volatile in the past 10 years.
Growing Dividend: 002322's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Ningbo Ligong Environment And Energy TechnologyLtd Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (2322) | 5.8% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.3% |
Industry Average (Electrical) | 1.7% |
Analyst forecast in 3 Years (2322) | n/a |
Notable Dividend: 002322's dividend (5.75%) is higher than the bottom 25% of dividend payers in the CN market (0.64%).
High Dividend: 002322's dividend (5.75%) is in the top 25% of dividend payers in the CN market (2.3%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (121%), 002322's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (88.1%), 002322's dividend payments are covered by cash flows.