Tongling Jingda Special Magnet Wire Dividends and Buybacks
Dividend criteria checks 3/6
Tongling Jingda Special Magnet Wire is a dividend paying company with a current yield of 1.45% that is well covered by earnings.
Key information
1.5%
Dividend yield
0.1%
Buyback Yield
| Total Shareholder Yield | 1.6% |
| Future Dividend Yield | 3.0% |
| Dividend Growth | 3.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.080 |
| Payout ratio | 65% |
Recent dividend and buyback updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600577's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600577's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Tongling Jingda Special Magnet Wire Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600577) | 1.5% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Electrical) | 1.5% |
| Analyst forecast (600577) (up to 3 years) | 3.0% |
Notable Dividend: 600577's dividend (1.45%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).
High Dividend: 600577's dividend (1.45%) is low compared to the top 25% of dividend payers in the CN market (2.08%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (65.1%), 600577's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 600577 is paying a dividend but the company has no free cash flows.