Jiangsu Rainbow Heavy Industries Dividend
Dividend criteria checks 3/6
Jiangsu Rainbow Heavy Industries is a dividend paying company with a current yield of 2.09%.
Key information
2.1%
Dividend yield
167%
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¥0.062 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002483's dividend payments have been volatile in the past 10 years.
Growing Dividend: 002483's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Jiangsu Rainbow Heavy Industries Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (2483) | 2.1% |
Market Bottom 25% (CN) | 0.7% |
Market Top 25% (CN) | 2.4% |
Industry Average (Machinery) | 1.8% |
Analyst forecast in 3 Years (2483) | n/a |
Notable Dividend: 002483's dividend (2.09%) is higher than the bottom 25% of dividend payers in the CN market (0.72%).
High Dividend: 002483's dividend (2.09%) is low compared to the top 25% of dividend payers in the CN market (2.55%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (166.7%), 002483's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (10.5%), 002483's dividend payments are thoroughly covered by cash flows.