Shenzhen Megmeet Electrical Dividends and Buybacks
Dividend criteria checks 1/6
Shenzhen Megmeet Electrical is a dividend paying company with a current yield of 0.52% that is well covered by earnings.
Key information
0.5%
Dividend yield
-0.3%
Buyback Yield
| Total Shareholder Yield | 0.3% |
| Future Dividend Yield | 1.0% |
| Dividend Growth | 3.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.218 |
| Payout ratio | 19% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002851 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002851's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Shenzhen Megmeet Electrical Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002851) | 0.5% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Electrical) | 1.4% |
| Analyst forecast (002851) (up to 3 years) | 1.0% |
Notable Dividend: 002851's dividend (0.52%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.53%).
High Dividend: 002851's dividend (0.52%) is low compared to the top 25% of dividend payers in the CN market (2.08%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (19.4%), 002851's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002851 is paying a dividend but the company has no free cash flows.