Zhejiang Weiming Environment Protection Co., Ltd.

XSSC:603568 Stock Report

Market Cap: CN¥35.8b

Zhejiang Weiming Environment Protection Dividend

Dividend criteria checks 2/6

Zhejiang Weiming Environment Protection is a dividend paying company with a current yield of 1.21% that is well covered by earnings. Last payment was on 24th June, 2024 with an ex-dividend date of 24th June, 2024.

Key information

1.2%

Dividend yield

19%

Payout ratio

Industry average yield1.6%
Next dividend pay date24 Jun 24
Ex dividend date24 Jun 24
Dividend per sharen/a
Earnings per shareCN¥1.33
Dividend yield forecast in 3Y1.2%

Recent dividend updates

No updates

Recent updates

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: 603568 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603568's dividend payments have increased, but the company has only paid a dividend for 8 years.


Dividend Yield vs Market

Zhejiang Weiming Environment Protection Dividend Yield vs Market
How does 603568 dividend yield compare to the market?
SegmentDividend Yield
Company (603568)1.2%
Market Bottom 25% (CN)0.7%
Market Top 25% (CN)2.5%
Industry Average (Commercial Services)1.6%
Analyst forecast in 3 Years (603568)1.2%

Notable Dividend: 603568's dividend (1.21%) is higher than the bottom 25% of dividend payers in the CN market (0.68%).

High Dividend: 603568's dividend (1.21%) is low compared to the top 25% of dividend payers in the CN market (2.47%).


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.8%), 603568's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (452.1%), 603568's dividend payments are not well covered by cash flows.


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