Guangdong Mingyang Electric Co.,Ltd.

SZSE:301291 Stock Report

Market Cap: CN¥8.4b

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 yield2.1%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per shareCN¥0.720
Earnings per shareCN¥1.74
Dividend yield forecast in 3Y5.9%

Recent dividend updates

Recent updates

Are Guangdong Mingyang Electric Co.,Ltd. (SZSE:301291) Investors Paying Above The Intrinsic Value?

Aug 24
Are Guangdong Mingyang Electric Co.,Ltd. (SZSE:301291) Investors Paying Above The Intrinsic Value?

Slowing Rates Of Return At Guangdong Mingyang ElectricLtd (SZSE:301291) Leave Little Room For Excitement

Jul 27
Slowing Rates Of Return At Guangdong Mingyang ElectricLtd (SZSE:301291) Leave Little Room For Excitement

Does Guangdong Mingyang ElectricLtd (SZSE:301291) Have A Healthy Balance Sheet?

Jul 05
Does Guangdong Mingyang ElectricLtd (SZSE:301291) Have A Healthy Balance Sheet?

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
How does 301291 dividend yield compare to the market?
SegmentDividend 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.


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