Wuxi Xinhongye Wire & Cable Dividends and Buybacks
Dividend criteria checks 3/6
Wuxi Xinhongye Wire & Cable is a dividend paying company with a current yield of 2.45% that is well covered by earnings.
Key information
2.4%
Dividend yield
0%
Buyback Yield
| Total Shareholder Yield | 2.4% |
| Future Dividend Yield | n/a |
| Dividend Growth | 10.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.600 |
| Payout ratio | 63% |
Recent dividend and buyback 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) | 2.4% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Electrical) | 1.5% |
| Analyst forecast (301310) (up to 3 years) | n/a |
Notable Dividend: 301310's dividend (2.45%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 301310's dividend (2.45%) is in the top 25% of dividend payers in the CN market (2.15%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (63.4%), 301310's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 301310 is paying a dividend but the company has no free cash flows.