Wuxi Xinhongye Wire & Cable Dividend
Dividend criteria checks 3/6
Wuxi Xinhongye Wire & Cable is a dividend paying company with a current yield of 2.87% that is well covered by earnings.
Key information
2.9%
Dividend yield
24%
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¥1.62 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 301310's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 301310's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
Wuxi Xinhongye Wire & Cable Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (301310) | 2.9% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.4% |
Industry Average (Electrical) | 1.7% |
Analyst forecast in 3 Years (301310) | n/a |
Notable Dividend: 301310's dividend (2.87%) is higher than the bottom 25% of dividend payers in the CN market (0.64%).
High Dividend: 301310's dividend (2.87%) is in the top 25% of dividend payers in the CN market (2.35%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (23.8%), 301310's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate 301310's cash payout ratio to determine if its dividend payments are covered by cash flows.