Ningxia Qinglong Pipes Industry Group Dividend
Dividend criteria checks 3/6
Ningxia Qinglong Pipes Industry Group is a dividend paying company with a current yield of 1.1%. Next payment date is on 14th May, 2024 with an ex-dividend date of 14th May, 2024.
Key information
1.1%
Dividend yield
125%
Payout ratio
Industry average yield | 3.3% |
Next dividend pay date | 14 May 24 |
Ex dividend date | 14 May 24 |
Dividend per share | n/a |
Earnings per share | CN¥0.077 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002457's dividend payments have been volatile in the past 10 years.
Growing Dividend: 002457's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Ningxia Qinglong Pipes Industry Group Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (2457) | 1.1% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.3% |
Industry Average (Construction) | 3.3% |
Analyst forecast in 3 Years (2457) | n/a |
Notable Dividend: 002457's dividend (1.1%) is higher than the bottom 25% of dividend payers in the CN market (0.63%).
High Dividend: 002457's dividend (1.1%) is low compared to the top 25% of dividend payers in the CN market (2.26%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (124.7%), 002457's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (30.7%), 002457's dividend payments are well covered by cash flows.