Chengdu Rainbow Appliance (Group) Shares Dividend
Dividend criteria checks 3/6
Chengdu Rainbow Appliance (Group) Shares is a dividend paying company with a current yield of 2.27% that is well covered by earnings.
Key information
2.3%
Dividend yield
37%
Payout ratio
| Industry average yield | 3.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥1.07 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Statutory Profit Doesn't Reflect How Good Chengdu Rainbow Appliance (Group) Shares' (SZSE:003023) Earnings Are
Apr 29
Investors Aren't Buying Chengdu Rainbow Appliance (Group) Shares Co., Ltd.'s (SZSE:003023) Earnings
Apr 17The Returns On Capital At Chengdu Rainbow Appliance (Group) Shares (SZSE:003023) Don't Inspire Confidence
Feb 27Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 003023 has been paying a dividend for less than 10 years.
Growing Dividend: 003023's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Chengdu Rainbow Appliance (Group) Shares Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (3023) | 2.3% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Consumer Durables) | 3.4% |
| Analyst forecast in 3 Years (3023) | n/a |
Notable Dividend: 003023's dividend (2.27%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 003023's dividend (2.27%) is low compared to the top 25% of dividend payers in the CN market (2.35%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (37.3%), 003023's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (20.2%), 003023's dividend payments are well covered by cash flows.