Zhejiang Red Dragonfly Footwear Dividend
Dividend criteria checks 3/6
Zhejiang Red Dragonfly Footwear is a dividend paying company with a current yield of 4.57%. Last payment was on 2nd July, 2024 with an ex-dividend date of 2nd July, 2024.
Key information
4.6%
Dividend yield
221%
Payout ratio
Industry average yield | 3.4% |
Next dividend pay date | 02 Jul 24 |
Ex dividend date | 02 Jul 24 |
Dividend per share | n/a |
Earnings per share | CN¥0.091 |
Dividend yield forecast in 3Y | 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 |
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Segment | Dividend Yield |
---|---|
Company (603116) | 4.6% |
Market Bottom 25% (CN) | 0.7% |
Market Top 25% (CN) | 2.5% |
Industry Average (Luxury) | 3.4% |
Analyst forecast in 3 Years (603116) | n/a |
Notable Dividend: 603116's dividend (4.57%) is higher than the bottom 25% of dividend payers in the CN market (0.69%).
High Dividend: 603116's dividend (4.57%) is in the top 25% of dividend payers in the CN market (2.51%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (221.4%), 603116's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (52.5%), 603116's dividend payments are covered by cash flows.