Ganyuan Foods Dividend
Dividend criteria checks 3/6
Ganyuan Foods is a dividend paying company with a current yield of 2.67% that is well covered by earnings.
Key information
2.7%
Dividend yield
55%
Payout ratio
| Industry average yield | 2.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥3.96 |
| Dividend yield forecast in 3Y | 4.2% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002991 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002991's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| Ganyuan Foods Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2991) | 2.7% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Food) | 2.1% |
| Analyst forecast in 3 Years (2991) | 4.2% |
Notable Dividend: 002991's dividend (2.67%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 002991's dividend (2.67%) is in the top 25% of dividend payers in the CN market (2.35%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54.8%), 002991's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (141.5%), 002991's dividend payments are not well covered by cash flows.