Ganyuan Foods Dividends and Buybacks
Dividend criteria checks 3/6
Ganyuan Foods is a dividend paying company with a current yield of 2.93% that is well covered by earnings.
Key information
2.9%
Dividend yield
0.9%
Buyback Yield
| Total Shareholder Yield | 3.8% |
| Future Dividend Yield | 4.9% |
| Dividend Growth | 24.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥2.184 |
| Payout ratio | 76% |
Recent dividend and buyback updates
Recent updates
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 (002991) | 2.9% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Food) | 2.2% |
| Analyst forecast (002991) (up to 3 years) | 4.9% |
Notable Dividend: 002991's dividend (2.93%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).
High Dividend: 002991's dividend (2.93%) is in the top 25% of dividend payers in the CN market (2.09%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (76.1%), 002991's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (202.6%), 002991's dividend payments are not well covered by cash flows.