Shenzhen MTC Dividends and Buybacks
Dividend criteria checks 3/6
Shenzhen MTC is a dividend paying company with a current yield of 2.08% that is well covered by earnings.
Key information
2.1%
Dividend yield
0.0002%
Buyback Yield
| Total Shareholder Yield | 2.1% |
| Future Dividend Yield | 3.7% |
| Dividend Growth | 39.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.106 |
| Payout ratio | 28% |
Recent dividend and buyback updates
Recent 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 9 years.
Dividend Yield vs Market
| Shenzhen MTC Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002429) | 2.1% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Consumer Durables) | 3.6% |
| Analyst forecast (002429) (up to 3 years) | 3.7% |
Notable Dividend: 002429's dividend (2.08%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 002429's dividend (2.08%) is low compared to the top 25% of dividend payers in the CN market (2.16%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.5%), 002429's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (72%), 002429's dividend payments are covered by cash flows.