Caitong SecuritiesLtd Dividend
Dividend criteria checks 3/6
Caitong Securities Co.,Ltd. is a dividend paying company with a current yield of 2.6% that is well covered by earnings.
Key information
2.6%
Dividend yield
39%
Payout ratio
| Industry average yield | 2.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.20 |
| Earnings per share | CN¥0.44 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 2/2/2023 | 0.2 | 2.56 |
| 4/28/2022 | 0.2 | 2.72 |
| 6/2/2021 | 0.2 | 1.99 |
| 7/6/2020 | 0.16 | 1.29 |
| 7/8/2019 | 0.07 | 0.68 |
| 7/4/2018 | 0.18 | 1.9 |
Stable Dividend: 601108 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 601108's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| Caitong SecuritiesLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (601108) | 2.6% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 1.9% |
| Industry Average (Capital Markets) | 2.2% |
| Analyst forecast in 3 Years (601108) | n/a |
Notable Dividend: 601108's dividend (2.56%) is higher than the bottom 25% of dividend payers in the CN market (0.47%).
High Dividend: 601108's dividend (2.56%) is in the top 25% of dividend payers in the CN market (1.9%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.1%), 601108's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 601108 is paying a dividend but the company has no free cash flows.