Zhejiang Chinastars New Materials Group Dividend
Dividend criteria checks 3/6
Zhejiang Chinastars New Materials Group is a dividend paying company with a current yield of 3.8% that is well covered by earnings.
Key information
3.8%
Dividend yield
84%
Payout ratio
| Industry average yield | 3.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.600 |
| Earnings per share | CN¥1.02 |
| Dividend yield forecast | 3.8% |
Recent dividend updates
Recent updates
The Returns On Capital At Zhejiang Chinastars New Materials Group (SZSE:301077) Don't Inspire Confidence
Jun 07
Zhejiang Chinastars New Materials Group (SZSE:301077) Is Reducing Its Dividend To CN¥0.567
May 10Concerns Surrounding Zhejiang Chinastars New Materials Group's (SZSE:301077) Performance
May 03Zhejiang Chinastars New Materials Group Co., Ltd. (SZSE:301077) Shares Fly 29% But Investors Aren't Buying For Growth
Apr 29Zhejiang Chinastars New Materials Group (SZSE:301077) Will Be Hoping To Turn Its Returns On Capital Around
Mar 06Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 301077 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 301077 has only been paying a dividend for 2 years, and since then payments have fallen.
Dividend Yield vs Market
| Zhejiang Chinastars New Materials Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (301077) | 3.8% |
| Market Bottom 25% (CN) | 0.8% |
| Market Top 25% (CN) | 2.8% |
| Industry Average (Luxury) | 3.6% |
| Analyst forecast (301077) (up to 3 years) | 3.8% |
Notable Dividend: 301077's dividend (3.8%) is higher than the bottom 25% of dividend payers in the CN market (0.76%).
High Dividend: 301077's dividend (3.8%) is in the top 25% of dividend payers in the CN market (2.77%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (84.1%), 301077's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (100.3%), 301077's dividend payments are not well covered by cash flows.