Zhejiang Rongsheng Environmental Protection Paper Dividends and Buybacks
Dividend criteria checks 3/6
Zhejiang Rongsheng Environmental Protection Paper is a dividend paying company with a current yield of 4.1% that is well covered by earnings.
Key information
4.1%
Dividend yield
1.9%
Buyback Yield
| Total Shareholder Yield | 6.0% |
| Future Dividend Yield | 4.1% |
| Dividend Growth | 13.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.490 |
| Payout ratio | 44% |
Recent dividend and buyback updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603165 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603165's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Zhejiang Rongsheng Environmental Protection Paper Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603165) | 4.1% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Forestry) | 2.0% |
| Analyst forecast (603165) (up to 3 years) | 4.1% |
Notable Dividend: 603165's dividend (4.1%) is higher than the bottom 25% of dividend payers in the CN market (0.56%).
High Dividend: 603165's dividend (4.1%) is in the top 25% of dividend payers in the CN market (2.17%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (44.2%), 603165's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603165 is paying a dividend but the company has no free cash flows.