Ningbo Ronbay New Energy TechnologyLtd Dividend
Dividend criteria checks 2/6
Ningbo Ronbay New Energy TechnologyLtd is a dividend paying company with a current yield of 1.24% that is well covered by earnings.
Key information
1.2%
Dividend yield
70%
Payout ratio
| Industry average yield | 1.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.303 |
| Earnings per share | CN¥0.44 |
| Dividend yield forecast | 1.6% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 688005 has been paying a dividend for less than 10 years.
Growing Dividend: 688005's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| Ningbo Ronbay New Energy TechnologyLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (688005) | 1.2% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Electrical) | 1.7% |
| Analyst forecast (688005) (up to 3 years) | 1.6% |
Notable Dividend: 688005's dividend (1.24%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 688005's dividend (1.24%) is low compared to the top 25% of dividend payers in the CN market (2.43%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (69.9%), 688005's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 688005 is paying a dividend but the company has no free cash flows.