Xinjiang Hongtong Natural Gas Dividend
Dividend criteria checks 4/6
Xinjiang Hongtong Natural Gas is a dividend paying company with a current yield of 2.45% that is well covered by earnings. Last payment was on 4th June, 2024 with an ex-dividend date of 4th June, 2024.
Key information
2.4%
Dividend yield
45%
Payout ratio
| Industry average yield | 5.7% |
| Next dividend pay date | 04 Jun 24 |
| Ex dividend date | 04 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | CN¥0.55 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 605169 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 605169 has only been paying a dividend for 3 years, and since then payments have fallen.
Dividend Yield vs Market
| Xinjiang Hongtong Natural Gas Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (605169) | 2.4% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.3% |
| Industry Average (Oil and Gas) | 5.7% |
| Analyst forecast in 3 Years (605169) | n/a |
Notable Dividend: 605169's dividend (2.45%) is higher than the bottom 25% of dividend payers in the CN market (0.66%).
High Dividend: 605169's dividend (2.45%) is in the top 25% of dividend payers in the CN market (2.34%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.2%), 605169's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (62.9%), 605169's dividend payments are covered by cash flows.