OKE Precision Cutting Tools Dividend
Dividend criteria checks 2/6
OKE Precision Cutting Tools is a dividend paying company with a current yield of 1.69% that is well covered by earnings.
Key information
1.7%
Dividend yield
47%
Payout ratio
| Industry average yield | 1.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.350 |
| Earnings per share | CN¥0.75 |
| Dividend yield forecast | 3.0% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 688308 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 688308's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| OKE Precision Cutting Tools Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (688308) | 1.7% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Machinery) | 1.6% |
| Analyst forecast (688308) (up to 3 years) | 3.0% |
Notable Dividend: 688308's dividend (1.69%) is higher than the bottom 25% of dividend payers in the CN market (0.58%).
High Dividend: 688308's dividend (1.69%) is low compared to the top 25% of dividend payers in the CN market (2.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (47.2%), 688308's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 688308 is paying a dividend but the company has no free cash flows.