Zhejiang Cady Industry Dividend
Dividend criteria checks 2/6
Zhejiang Cady Industry is a dividend paying company with a current yield of 2% that is well covered by earnings.
Key information
2.0%
Dividend yield
32%
Payout ratio
| Industry average yield | 3.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.300 |
| Earnings per share | CN¥0.95 |
| Dividend yield forecast | n/a |
Recent dividend updates
No updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 603073's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 603073's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Zhejiang Cady Industry Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603073) | 2.0% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Luxury) | 3.3% |
| Analyst forecast (603073) (up to 3 years) | n/a |
Notable Dividend: 603073's dividend (2%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 603073's dividend (2%) is low compared to the top 25% of dividend payers in the CN market (2.43%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.6%), 603073's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (3117.7%), 603073's dividend payments are not well covered by cash flows.