Zhejiang Tongxing Technology CO., Ltd.

SZSE:301252 Stock Report

Market Cap: CN¥3.3b

Zhejiang Tongxing Technology Dividend

Dividend criteria checks 2/6

Zhejiang Tongxing Technology is a dividend paying company with a current yield of 1.85% that is well covered by earnings.

Key information

1.8%

Dividend yield

45%

Payout ratio

Industry average yield1.9%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Earnings per shareCN¥1.03
Dividend yield forecast in 3Yn/a

Recent dividend updates

Recent updates

Earnings Not Telling The Story For Zhejiang Tongxing Technology CO., Ltd. (SZSE:301252)

May 29
Earnings Not Telling The Story For Zhejiang Tongxing Technology CO., Ltd. (SZSE:301252)

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Too early to tell whether 301252's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 301252's dividend payments are increasing as they only just started paying a dividend.


Dividend Yield vs Market

Zhejiang Tongxing Technology Dividend Yield vs Market
How does 301252 dividend yield compare to the market?
SegmentDividend Yield
Company (301252)1.8%
Market Bottom 25% (CN)0.7%
Market Top 25% (CN)2.6%
Industry Average (Machinery)1.9%
Analyst forecast in 3 Years (301252)n/a

Notable Dividend: 301252's dividend (1.85%) is higher than the bottom 25% of dividend payers in the CN market (0.7%).

High Dividend: 301252's dividend (1.85%) is low compared to the top 25% of dividend payers in the CN market (2.55%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (44.9%), 301252's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 301252 is paying a dividend but the company has no free cash flows.


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