Guangdong Rifeng Electric Cable Dividends and Buybacks
Dividend criteria checks 3/6
Guangdong Rifeng Electric Cable is a dividend paying company with a current yield of 0.89% that is well covered by earnings.
Key information
0.9%
Dividend yield
0.2%
Buyback Yield
| Total Shareholder Yield | 1.1% |
| Future Dividend Yield | n/a |
| Dividend Growth | 10.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.0769 |
| Payout ratio | 22% |
Recent dividend and buyback 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's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Guangdong Rifeng Electric Cable Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002953) | 0.9% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Electrical) | 1.4% |
| Analyst forecast (002953) (up to 3 years) | n/a |
Notable Dividend: 002953's dividend (0.89%) is higher than the bottom 25% of dividend payers in the CN market (0.54%).
High Dividend: 002953's dividend (0.89%) is low compared to the top 25% of dividend payers in the CN market (2.13%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (21.7%), 002953's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (70.7%), 002953's dividend payments are covered by cash flows.