Zhejiang Red Dragonfly Footwear Dividend
Dividend criteria checks 3/6
Zhejiang Red Dragonfly Footwear is a dividend paying company with a current yield of 4.27%.
Key information
4.3%
Dividend yield
321%
Payout ratio
| Industry average yield | 3.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.200 |
| Earnings per share | CN¥0.064 |
| Dividend yield forecast | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603116 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603116's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Zhejiang Red Dragonfly Footwear Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603116) | 4.3% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.3% |
| Industry Average (Luxury) | 3.2% |
| Analyst forecast (603116) (up to 3 years) | n/a |
Notable Dividend: 603116's dividend (4.27%) is higher than the bottom 25% of dividend payers in the CN market (0.58%).
High Dividend: 603116's dividend (4.27%) is in the top 25% of dividend payers in the CN market (2.28%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (320.6%), 603116's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (59.4%), 603116's dividend payments are covered by cash flows.