Shandong Hongyu Precision Machinery Dividend
Dividend criteria checks 2/6
Shandong Hongyu Precision Machinery is a dividend paying company with a current yield of 0.86% that is well covered by earnings.
Key information
0.9%
Dividend yield
58%
Payout ratio
Industry average yield | 2.0% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CN¥0.0769 |
Earnings per share | CN¥0.13 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002890 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002890's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
Shandong Hongyu Precision Machinery Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (002890) | 0.9% |
Market Bottom 25% (CN) | 0.7% |
Market Top 25% (CN) | 2.6% |
Industry Average (Machinery) | 2.0% |
Analyst forecast in 3 Years (002890) | n/a |
Notable Dividend: 002890's dividend (0.86%) is higher than the bottom 25% of dividend payers in the CN market (0.7%).
High Dividend: 002890's dividend (0.86%) is low compared to the top 25% of dividend payers in the CN market (2.58%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (58.3%), 002890's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate 002890's cash payout ratio to determine if its dividend payments are covered by cash flows.