Ningbo Dechang Electrical Machinery Made Dividend
Dividend criteria checks 3/6
Ningbo Dechang Electrical Machinery Made is a dividend paying company with a current yield of 1.67% that is well covered by earnings. Next payment date is on 6th June, 2024 with an ex-dividend date of 6th June, 2024.
Key information
1.7%
Dividend yield
35%
Payout ratio
| Industry average yield | 3.6% |
| Next dividend pay date | 06 Jun 24 |
| Ex dividend date | 06 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | CN¥0.98 |
| Dividend yield forecast in 3Y | 0% |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 605555 has been paying a dividend for less than 10 years.
Growing Dividend: 605555's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| Ningbo Dechang Electrical Machinery Made Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (605555) | 1.7% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.3% |
| Industry Average (Consumer Durables) | 3.6% |
| Analyst forecast in 3 Years (605555) | 0% |
Notable Dividend: 605555's dividend (1.67%) is higher than the bottom 25% of dividend payers in the CN market (0.64%).
High Dividend: 605555's dividend (1.67%) is low compared to the top 25% of dividend payers in the CN market (2.3%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (35.2%), 605555's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (89.2%), 605555's dividend payments are covered by cash flows.