Zhejiang Xinao Textiles Dividend
Dividend criteria checks 3/6
Zhejiang Xinao Textiles is a dividend paying company with a current yield of 3.97% that is well covered by earnings.
Key information
4.0%
Dividend yield
54%
Payout ratio
Industry average yield | 3.0% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CN¥0.56 |
Dividend yield forecast in 3Y | 5.7% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603889 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603889's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
Zhejiang Xinao Textiles Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (603889) | 4.0% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.4% |
Industry Average (Luxury) | 3.0% |
Analyst forecast in 3 Years (603889) | 5.7% |
Notable Dividend: 603889's dividend (3.97%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 603889's dividend (3.97%) is in the top 25% of dividend payers in the CN market (2.36%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (53.6%), 603889's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603889 is paying a dividend but the company has no free cash flows.