Shenzhen MTC Dividend
Dividend criteria checks 2/6
Shenzhen MTC is a dividend paying company with a current yield of 2.12% that is well covered by earnings.
Key information
2.1%
Dividend yield
27%
Payout ratio
| Industry average yield | 3.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.106 |
| Earnings per share | CN¥0.39 |
| Dividend yield forecast | 4.0% |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002429 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002429's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Shenzhen MTC Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002429) | 2.1% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Consumer Durables) | 3.6% |
| Analyst forecast (002429) (up to 3 years) | 4.0% |
Notable Dividend: 002429's dividend (2.12%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 002429's dividend (2.12%) is low compared to the top 25% of dividend payers in the CN market (2.43%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.2%), 002429's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (2406.1%), 002429's dividend payments are not well covered by cash flows.