MEGA P&C Advanced Materials (Shanghai) Dividend
Dividend criteria checks 2/6
MEGA P&C Advanced Materials (Shanghai) is a dividend paying company with a current yield of 5.8%. Next payment date is on 27th May, 2024 with an ex-dividend date of 27th May, 2024.
Key information
5.8%
Dividend yield
166%
Payout ratio
| Industry average yield | 1.9% |
| Next dividend pay date | 27 May 24 |
| Ex dividend date | 27 May 24 |
| Dividend per share | n/a |
| Earnings per share | CN¥1.29 |
| Dividend yield forecast in 3Y | 3.5% |
Recent dividend updates
No updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 603062's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 603062's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| MEGA P&C Advanced Materials (Shanghai) Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603062) | 5.8% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Chemicals) | 1.9% |
| Analyst forecast in 3 Years (603062) | 3.5% |
Notable Dividend: 603062's dividend (5.8%) is higher than the bottom 25% of dividend payers in the CN market (0.64%).
High Dividend: 603062's dividend (5.8%) is in the top 25% of dividend payers in the CN market (2.23%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (166.1%), 603062's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603062 is paying a dividend but the company has no free cash flows.