Zhejiang Changsheng Sliding Bearings Dividend
Dividend criteria checks 4/6
Zhejiang Changsheng Sliding Bearings is a dividend paying company with a current yield of 3.53% that is well covered by earnings.
Key information
3.5%
Dividend yield
50%
Payout ratio
Industry average yield | 2.0% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CN¥0.470 |
Earnings per share | CN¥0.81 |
Dividend yield forecast in 3Y | 6.8% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 300718 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 300718's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
Zhejiang Changsheng Sliding Bearings Dividend Yield vs Market |
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Segment | Dividend Yield |
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Company (300718) | 3.5% |
Market Bottom 25% (CN) | 0.7% |
Market Top 25% (CN) | 2.6% |
Industry Average (Machinery) | 2.0% |
Analyst forecast in 3 Years (300718) | 6.8% |
Notable Dividend: 300718's dividend (3.53%) is higher than the bottom 25% of dividend payers in the CN market (0.72%).
High Dividend: 300718's dividend (3.53%) is in the top 25% of dividend payers in the CN market (2.64%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49.8%), 300718's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (70.7%), 300718's dividend payments are covered by cash flows.