Shenzhen Tongye TechnologyLtd Dividends and Buybacks
Dividend criteria checks 2/6
Shenzhen Tongye TechnologyLtd is a dividend paying company with a current yield of 0.88%.
Key information
0.9%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | -6.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.200 |
| Payout ratio | 140% |
Recent dividend and buyback updates
Recent updates
Optimistic Investors Push Shenzhen Tongye Technology Co.,Ltd. (SZSE:300960) Shares Up 45% But Growth Is Lacking
Oct 08
Shenzhen Tongye Technology Co.,Ltd. (SZSE:300960) May Have Run Too Fast Too Soon With Recent 36% Price Plummet
Aug 22Shenzhen Tongye Technology Co.,Ltd.'s (SZSE:300960) Business Is Yet to Catch Up With Its Share Price
Jun 06Shenzhen Tongye TechnologyLtd's (SZSE:300960) Profits Appear To Have Quality Issues
Mar 31Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 300960 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 300960 has only been paying a dividend for 4 years, and since then payments have fallen.
Dividend Yield vs Market
| Shenzhen Tongye TechnologyLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (300960) | 0.9% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Machinery) | 1.7% |
| Analyst forecast (300960) (up to 3 years) | n/a |
Notable Dividend: 300960's dividend (0.88%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 300960's dividend (0.88%) is low compared to the top 25% of dividend payers in the CN market (2.16%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (139.6%), 300960's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (28.2%), 300960's dividend payments are well covered by cash flows.