Double Medical Technology Dividends and Buybacks
Dividend criteria checks 2/6
Double Medical Technology is a dividend paying company with a current yield of 0.77% that is well covered by earnings.
Key information
0.8%
Dividend yield
0.6%
Buyback Yield
| Total Shareholder Yield | 1.3% |
| Future Dividend Yield | n/a |
| Dividend Growth | -17.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.250 |
| Payout ratio | 52% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002901 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002901 has only been paying a dividend for 7 years, and since then payments have fallen.
Dividend Yield vs Market
| Double Medical Technology Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002901) | 0.8% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Medical Equipment) | 1.7% |
| Analyst forecast (002901) (up to 3 years) | n/a |
Notable Dividend: 002901's dividend (0.77%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 002901's dividend (0.77%) is low compared to the top 25% of dividend payers in the CN market (2.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52.4%), 002901's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002901 is paying a dividend but the company has no free cash flows.