Jiangsu Tongli Risheng Machinery Dividend
Dividend criteria checks 3/6
Jiangsu Tongli Risheng Machinery is a dividend paying company with a current yield of 0.93% that is well covered by earnings. Last payment was on 30th September, 2024 with an ex-dividend date of 30th September, 2024.
Key information
0.9%
Dividend yield
33%
Payout ratio
| Industry average yield | 1.8% |
| Next dividend pay date | 30 Sep 24 |
| Ex dividend date | 30 Sep 24 |
| Dividend per share | CN¥0.240 |
| Earnings per share | CN¥1.58 |
| Dividend yield forecast | n/a |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 605286 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 605286's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Jiangsu Tongli Risheng Machinery Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (605286) | 0.9% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Machinery) | 1.8% |
| Analyst forecast (605286) (up to 3 years) | n/a |
Notable Dividend: 605286's dividend (0.93%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 605286's dividend (0.93%) is low compared to the top 25% of dividend payers in the CN market (2.43%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (33.1%), 605286's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (27.5%), 605286's dividend payments are well covered by cash flows.