Zhejiang Taihua New MaterialLtd Dividend
What is Zhejiang Taihua New MaterialLtd current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
1.39%
Current Dividend Yield
Dividend Yield vs Market
| Zhejiang Taihua New MaterialLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603055) | 1.4% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 1.9% |
| Industry Average (Luxury) | 3.7% |
| Analyst forecast in 3 Years (603055) | 2.1% |
Notable Dividend: 603055's dividend (1.39%) is higher than the bottom 25% of dividend payers in the CN market (0.48%).
High Dividend: 603055's dividend (1.39%) is low compared to the top 25% of dividend payers in the CN market (1.95%).
Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 12/31/2024 | 0.31 | 1 |
| 12/31/2023 | 0.23 | 2 |
| 1/27/2023 | 0.17 | 1.39 |
| 4/26/2022 | 0.17 | 1.53 |
| 3/11/2022 | 0.17 | 1.56 |
| 5/22/2021 | 0.05 | 0.44 |
| 6/15/2020 | 0.08 | 1.15 |
| 4/4/2019 | 0.14 | 2.08 |
| 6/25/2018 | 0.16 | 1.87 |
Stable Dividend: 603055 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603055's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.2%), 603055's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603055 is paying a dividend but the company has no free cash flows.