Suzhou Cheersson Precision Metal Forming Dividend
Dividend criteria checks 1/6
Suzhou Cheersson Precision Metal Forming is a dividend paying company with a current yield of 0.62% that is well covered by earnings. Last payment was on 22nd May, 2024 with an ex-dividend date of 22nd May, 2024.
Key information
0.6%
Dividend yield
59%
Payout ratio
| Industry average yield | 1.8% |
| Next dividend pay date | 22 May 24 |
| Ex dividend date | 22 May 24 |
| Dividend per share | n/a |
| Earnings per share | CN¥0.25 |
| Dividend yield forecast in 3Y | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002976 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002976 has only been paying a dividend for 4 years, and since then payments have fallen.
Dividend Yield vs Market
| Suzhou Cheersson Precision Metal Forming Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2976) | 0.6% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Machinery) | 1.8% |
| Analyst forecast in 3 Years (2976) | n/a |
Notable Dividend: 002976's dividend (0.62%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.64%).
High Dividend: 002976's dividend (0.62%) is low compared to the top 25% of dividend payers in the CN market (2.23%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (59.3%), 002976's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002976 is paying a dividend but the company has no free cash flows.