Zhejiang Taihua New Material Co.,Ltd

SHSE:603055 Stock Report

Mkt Cap: CN¥10.2b

Zhejiang Taihua New MaterialLtd Dividend

What is Zhejiang Taihua New MaterialLtd current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend 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
How does 603055 dividend yield compare to the market?
SegmentDividend 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

How stable has Zhejiang Taihua New MaterialLtd's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
12/31/20240.311
12/31/20230.232
1/27/20230.171.39
4/26/20220.171.53
3/11/20220.171.56
5/22/20210.050.44
6/15/20200.081.15
4/4/20190.142.08
6/25/20180.161.87

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.


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