Neway CNC Equipment (Suzhou) Dividend
Dividend criteria checks 3/6
Neway CNC Equipment (Suzhou) is a dividend paying company with a current yield of 3.91% that is well covered by earnings.
Key information
3.9%
Dividend yield
63%
Payout ratio
| Industry average yield | 1.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.600 |
| Earnings per share | CN¥0.95 |
| Dividend yield forecast | 4.4% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 688697 has been paying a dividend for less than 10 years.
Growing Dividend: 688697's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Neway CNC Equipment (Suzhou) Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (688697) | 3.9% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Machinery) | 1.8% |
| Analyst forecast (688697) (up to 3 years) | 4.4% |
Notable Dividend: 688697's dividend (3.91%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 688697's dividend (3.91%) is in the top 25% of dividend payers in the CN market (2.43%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (63.3%), 688697's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (817.3%), 688697's dividend payments are not well covered by cash flows.