Tongda Smart Tech (Xiamen) Dividends and Buybacks
Dividend criteria checks 3/6
Tongda Smart Tech (Xiamen) is a dividend paying company with a current yield of 3.74% that is well covered by earnings. Next payment date is on 26th November, 2024 with an ex-dividend date of 26th November, 2024.
Key information
3.7%
Dividend yield
0.7%
Buyback Yield
| Total Shareholder Yield | 4.4% |
| Future Dividend Yield | n/a |
| Dividend Growth | n/a |
| Next dividend pay date | 26 Nov 24 |
| Ex dividend date | 26 Nov 24 |
| Dividend per share | CN¥0.800 |
| Payout ratio | 87% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 001368 has been paying a dividend for less than 10 years.
Growing Dividend: 001368's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| Tongda Smart Tech (Xiamen) Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (001368) | 3.7% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Leisure) | 1.9% |
| Analyst forecast (001368) (up to 3 years) | n/a |
Notable Dividend: 001368's dividend (3.74%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 001368's dividend (3.74%) is in the top 25% of dividend payers in the CN market (2.17%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (87.3%), 001368's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (191.2%), 001368's dividend payments are not well covered by cash flows.