Guangdong Mingyang ElectricLtd Dividend
Dividend criteria checks 2/6
Guangdong Mingyang ElectricLtd is a dividend paying company with a current yield of 2.66% that is well covered by earnings.
Key information
2.7%
Dividend yield
39%
Payout ratio
Industry average yield | 2.1% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CN¥0.720 |
Earnings per share | CN¥1.74 |
Dividend yield forecast in 3Y | 5.9% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 301291's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 301291's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
Guangdong Mingyang ElectricLtd Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (301291) | 2.7% |
Market Bottom 25% (CN) | 0.8% |
Market Top 25% (CN) | 2.7% |
Industry Average (Electrical) | 2.1% |
Analyst forecast in 3 Years (301291) | 5.9% |
Notable Dividend: 301291's dividend (2.66%) is higher than the bottom 25% of dividend payers in the CN market (0.76%).
High Dividend: 301291's dividend (2.66%) is low compared to the top 25% of dividend payers in the CN market (2.75%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.2%), 301291's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (130.9%), 301291's dividend payments are not well covered by cash flows.