Ningxia Qinglong Pipes Industry Group Dividend
Dividend criteria checks 4/6
Ningxia Qinglong Pipes Industry Group is a dividend paying company with a current yield of 1.08% that is well covered by earnings.
Key information
1.1%
Dividend yield
38%
Payout ratio
Industry average yield | 3.5% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CN¥0.090 |
Earnings per share | CN¥0.25 |
Dividend yield forecast in 3Y | n/a |
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 (002457) | 1.1% |
Market Bottom 25% (CN) | 0.7% |
Market Top 25% (CN) | 2.6% |
Industry Average (Construction) | 3.5% |
Analyst forecast in 3 Years (002457) | n/a |
Notable Dividend: 002457's dividend (1.08%) is higher than the bottom 25% of dividend payers in the CN market (0.72%).
High Dividend: 002457's dividend (1.08%) is low compared to the top 25% of dividend payers in the CN market (2.63%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (38.4%), 002457's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (17.7%), 002457's dividend payments are well covered by cash flows.