Zhejiang Hengwei Battery Dividend
Dividend criteria checks 2/6
Zhejiang Hengwei Battery is a dividend paying company with a current yield of 1.37% that is well covered by earnings.
Key information
1.4%
Dividend yield
23%
Payout ratio
| Industry average yield | 1.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.300 |
| Earnings per share | CN¥1.29 |
| Dividend yield forecast | n/a |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 301222's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 301222's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Zhejiang Hengwei Battery Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (301222) | 1.4% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Electrical) | 1.7% |
| Analyst forecast (301222) (up to 3 years) | n/a |
Notable Dividend: 301222's dividend (1.37%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 301222's dividend (1.37%) is low compared to the top 25% of dividend payers in the CN market (2.43%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (23.3%), 301222's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 301222 is paying a dividend but the company has no free cash flows.