Chongqing Wangbian Electric (Group) Dividends and Buybacks
Dividend criteria checks 2/6
Chongqing Wangbian Electric (Group) is a dividend paying company with a current yield of 1.2% that is well covered by earnings.
Key information
1.2%
Dividend yield
1.2%
Buyback Yield
| Total Shareholder Yield | 2.4% |
| Future Dividend Yield | 1.2% |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.150 |
| Payout ratio | 70% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 603191 has been paying a dividend for less than 10 years.
Growing Dividend: 603191 has only been paying a dividend for 2 years, and since then payments have fallen.
Dividend Yield vs Market
| Chongqing Wangbian Electric (Group) Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603191) | 1.2% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Electrical) | 1.5% |
| Analyst forecast (603191) (up to 3 years) | 1.2% |
Notable Dividend: 603191's dividend (1.2%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 603191's dividend (1.2%) is low compared to the top 25% of dividend payers in the CN market (2.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (69.9%), 603191's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603191 is paying a dividend but the company has no free cash flows.