Guangdong Rifeng Electric Cable Dividend
Dividend criteria checks 1/6
Guangdong Rifeng Electric Cable is a dividend paying company with a current yield of 0.54% that is well covered by earnings.
Key information
0.5%
Dividend yield
19%
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¥0.43 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002953 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002953 has only been paying a dividend for 5 years, and since then payments have fallen.
Dividend Yield vs Market
| Guangdong Rifeng Electric Cable Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2953) | 0.5% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Electrical) | 1.7% |
| Analyst forecast in 3 Years (2953) | n/a |
Notable Dividend: 002953's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.66%).
High Dividend: 002953's dividend (0.54%) is low compared to the top 25% of dividend payers in the CN market (2.42%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (19.2%), 002953's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002953 is paying a dividend but the company has no free cash flows.