Wolong Electric GroupLtd Dividend
Dividend criteria checks 2/6
Wolong Electric GroupLtd is a dividend paying company with a current yield of 0.98% that is well covered by earnings.
Key information
1.0%
Dividend yield
41%
Payout ratio
| Industry average yield | 1.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.100 |
| Earnings per share | CN¥0.24 |
| Dividend yield forecast | 1.8% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600580's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600580's dividend payments have not increased over the past 10 years.
Dividend Yield vs Market
| Wolong Electric GroupLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600580) | 1.0% |
| Market Bottom 25% (CN) | 0.8% |
| Market Top 25% (CN) | 2.8% |
| Industry Average (Electrical) | 1.9% |
| Analyst forecast (600580) (up to 3 years) | 1.8% |
Notable Dividend: 600580's dividend (0.98%) is higher than the bottom 25% of dividend payers in the CN market (0.75%).
High Dividend: 600580's dividend (0.98%) 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 (41%), 600580's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (293.1%), 600580's dividend payments are not well covered by cash flows.