Jiangsu Ruitai New Energy Materials Dividend
Dividend criteria checks 2/6
Jiangsu Ruitai New Energy Materials is a dividend paying company with a current yield of 1.07% that is well covered by earnings.
Key information
1.1%
Dividend yield
38%
Payout ratio
| Industry average yield | 1.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥0.52 |
| Dividend yield forecast in 3Y | 1.1% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 301238's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 301238's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Jiangsu Ruitai New Energy Materials Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (301238) | 1.1% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Electrical) | 1.7% |
| Analyst forecast in 3 Years (301238) | 1.1% |
Notable Dividend: 301238's dividend (1.07%) is higher than the bottom 25% of dividend payers in the CN market (0.63%).
High Dividend: 301238's dividend (1.07%) is low compared to the top 25% of dividend payers in the CN market (2.23%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (38.3%), 301238's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 301238 is paying a dividend but the company has no free cash flows.