Nanjing Kangni Mechanical & ElectricalLtd Dividend
Dividend criteria checks 3/6
Nanjing Kangni Mechanical & ElectricalLtd is a dividend paying company with a current yield of 3.55% that is well covered by earnings.
Key information
3.5%
Dividend yield
51%
Payout ratio
| Industry average yield | 1.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.200 |
| Earnings per share | CN¥0.43 |
| Dividend yield forecast | n/a |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603111 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603111's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Nanjing Kangni Mechanical & ElectricalLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603111) | 3.5% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.3% |
| Industry Average (Machinery) | 1.7% |
| Analyst forecast (603111) (up to 3 years) | n/a |
Notable Dividend: 603111's dividend (3.55%) is higher than the bottom 25% of dividend payers in the CN market (0.61%).
High Dividend: 603111's dividend (3.55%) is in the top 25% of dividend payers in the CN market (2.34%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (51.4%), 603111's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (195.9%), 603111's dividend payments are not well covered by cash flows.