Red Avenue New Materials Group Dividends and Buybacks
Dividend criteria checks 1/6
Red Avenue New Materials Group is a dividend paying company with a current yield of 1.46%.
Key information
1.5%
Dividend yield
-0.2%
Buyback Yield
| Total Shareholder Yield | 1.2% |
| Future Dividend Yield | 2.1% |
| Dividend Growth | 3.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.500 |
| Payout ratio | 102% |
Recent dividend and buyback updates
Recent updates
Red Avenue New Materials Group Co., Ltd. (SHSE:603650) Stock Rockets 30% As Investors Are Less Pessimistic Than Expected
Nov 11
Red Avenue New Materials Group (SHSE:603650) Will Be Hoping To Turn Its Returns On Capital Around
Sep 30Red Avenue New Materials Group (SHSE:603650) Has A Pretty Healthy Balance Sheet
Sep 11Risks To Shareholder Returns Are Elevated At These Prices For Red Avenue New Materials Group Co., Ltd. (SHSE:603650)
Jun 26These 4 Measures Indicate That Red Avenue New Materials Group (SHSE:603650) Is Using Debt Reasonably Well
Jun 09Red Avenue New Materials Group Co., Ltd.'s (SHSE:603650) Shares May Have Run Too Fast Too Soon
Mar 01Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603650 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603650's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Red Avenue New Materials Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603650) | 1.5% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Chemicals) | 1.7% |
| Analyst forecast (603650) (up to 3 years) | 2.1% |
Notable Dividend: 603650's dividend (1.46%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 603650's dividend (1.46%) is low compared to the top 25% of dividend payers in the CN market (2.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (102.4%), 603650's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (172.1%), 603650's dividend payments are not well covered by cash flows.