Suzhou Xingye Materials TechnologyLtd Dividend
Dividend criteria checks 3/6
Suzhou Xingye Materials TechnologyLtd is a dividend paying company with a current yield of 1.25% that is well covered by earnings. Next payment date is on 18th September, 2024 with an ex-dividend date of 18th September, 2024.
Key information
1.3%
Dividend yield
40%
Payout ratio
| Industry average yield | 2.2% |
| Next dividend pay date | 18 Sep 24 |
| Ex dividend date | 18 Sep 24 |
| Dividend per share | CN¥0.0885 |
| Earnings per share | CN¥0.22 |
| Dividend yield forecast | n/a |
Recent dividend updates
No updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603928 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603928 has only been paying a dividend for 7 years, and since then payments have fallen.
Dividend Yield vs Market
| Suzhou Xingye Materials TechnologyLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603928) | 1.3% |
| Market Bottom 25% (CN) | 0.8% |
| Market Top 25% (CN) | 2.8% |
| Industry Average (Chemicals) | 2.2% |
| Analyst forecast (603928) (up to 3 years) | n/a |
Notable Dividend: 603928's dividend (1.25%) is higher than the bottom 25% of dividend payers in the CN market (0.76%).
High Dividend: 603928's dividend (1.25%) is low compared to the top 25% of dividend payers in the CN market (2.76%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.5%), 603928's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (16.4%), 603928's dividend payments are well covered by cash flows.