China National Gold Group Gold JewelleryLtd Dividend
Dividend criteria checks 4/6
China National Gold Group Gold JewelleryLtd is a dividend paying company with a current yield of 5.1% that is well covered by earnings.
Key information
5.1%
Dividend yield
78%
Payout ratio
| Industry average yield | 3.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.450 |
| Earnings per share | CN¥0.58 |
| Future Dividend Yield | 7.0% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 600916 has been paying a dividend for less than 10 years.
Growing Dividend: 600916's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| China National Gold Group Gold JewelleryLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600916) | 5.1% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Luxury) | 3.2% |
| Analyst forecast (600916) (up to 3 years) | 7.0% |
Notable Dividend: 600916's dividend (5.1%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 600916's dividend (5.1%) is in the top 25% of dividend payers in the CN market (2.18%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (77.6%), 600916's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (24.5%), 600916's dividend payments are well covered by cash flows.