Zhejiang Jianye Chemical

SHSE:603948 Stock Report

Mkt Cap: CN¥3.8b

Zhejiang Jianye Chemical Dividend

What is Zhejiang Jianye Chemical current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


2.35%

Current Dividend Yield

Dividend Yield vs Market

Zhejiang Jianye Chemical Dividend Yield vs Market
How does 603948 dividend yield compare to the market?
SegmentDividend Yield
Company (603948)2.4%
Market Bottom 25% (CN)0.5%
Market Top 25% (CN)2.0%
Industry Average (Chemicals)1.9%
Analyst forecast in 3 Years (603948)n/a

Notable Dividend: 603948's dividend (2.35%) is higher than the bottom 25% of dividend payers in the CN market (0.49%).

High Dividend: 603948's dividend (2.35%) is in the top 25% of dividend payers in the CN market (1.99%)


Stability and Growth of Payments

How stable has Zhejiang Jianye Chemical's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
11/24/20220.552.35
4/21/20220.552.15
10/27/2021-0
8/25/2021-0
4/28/20210.42.07
10/28/20200.52.57

Stable Dividend: 603948 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 603948's dividend payments have increased, but the company has only paid a dividend for 2 years.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (19.2%), 603948's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (22.3%), 603948's dividend payments are well covered by cash flows.


Discover strong dividend paying companies