Sinosteel Luonai Materials Technology Co., Ltd.

SHSE:688119 Stock Report

Market Cap: CN¥4.7b

Sinosteel Luonai Materials Technology Dividend

Dividend criteria checks 2/6

Sinosteel Luonai Materials Technology is a dividend paying company with a current yield of 2.87%.

Key information

2.9%

Dividend yield

115%

Payout ratio

Industry average yield2.7%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Earnings per shareCN¥0.062
Dividend yield forecast in 3Yn/a

Recent dividend updates

No updates

Recent updates

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Too early to tell whether 688119's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if 688119's dividend payments are increasing as they only just started paying a dividend.


Dividend Yield vs Market

Sinosteel Luonai Materials Technology Dividend Yield vs Market
How does 688119 dividend yield compare to the market?
SegmentDividend Yield
Company (688119)2.9%
Market Bottom 25% (CN)0.6%
Market Top 25% (CN)2.2%
Industry Average (Basic Materials)2.7%
Analyst forecast in 3 Years (688119)n/a

Notable Dividend: 688119's dividend (2.87%) is higher than the bottom 25% of dividend payers in the CN market (0.59%).

High Dividend: 688119's dividend (2.87%) 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 (114.9%), 688119's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 688119 is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Price

7D

1Y

Mkt cap

PS

E.Growth

Analysts Target

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.