Qingdao NovelBeam TechnologyLtd Dividend
Dividend criteria checks 3/6
Qingdao NovelBeam TechnologyLtd is a dividend paying company with a current yield of 2.13% that is well covered by earnings.
Key information
2.1%
Dividend yield
53%
Payout ratio
| Industry average yield | 1.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.550 |
| Earnings per share | CN¥1.05 |
| Dividend yield forecast | 3.8% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 688677 has been paying a dividend for less than 10 years.
Growing Dividend: 688677's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Qingdao NovelBeam TechnologyLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (688677) | 2.1% |
| Market Bottom 25% (CN) | 0.8% |
| Market Top 25% (CN) | 2.8% |
| Industry Average (Medical Equipment) | 1.8% |
| Analyst forecast (688677) (up to 3 years) | 3.8% |
Notable Dividend: 688677's dividend (2.13%) is higher than the bottom 25% of dividend payers in the CN market (0.76%).
High Dividend: 688677's dividend (2.13%) is low compared to the top 25% of dividend payers in the CN market (2.77%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52.8%), 688677's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (82.2%), 688677's dividend payments are covered by cash flows.