Snowsky Salt Industry GroupLTD Dividend
Dividend criteria checks 3/6
Snowsky Salt Industry GroupLTD is a dividend paying company with a current yield of 3.33% that is well covered by earnings.
Key information
3.3%
Dividend yield
47%
Payout ratio
Industry average yield | 1.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CN¥0.42 |
Dividend yield forecast in 3Y | 4.8% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600929 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 600929's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
Snowsky Salt Industry GroupLTD Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (600929) | 3.3% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.3% |
Industry Average (Chemicals) | 1.9% |
Analyst forecast in 3 Years (600929) | 4.8% |
Notable Dividend: 600929's dividend (3.33%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 600929's dividend (3.33%) is in the top 25% of dividend payers in the CN market (2.25%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (46.7%), 600929's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (173.1%), 600929's dividend payments are not well covered by cash flows.