Sokan New Materials Group Dividend
Dividend criteria checks 2/6
Sokan New Materials Group is a dividend paying company with a current yield of 0.67% that is well covered by earnings.
Key information
0.7%
Dividend yield
28%
Payout ratio
Industry average yield | 1.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CN¥0.81 |
Dividend yield forecast in 3Y | 0.6% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 688157 has been paying a dividend for less than 10 years.
Growing Dividend: 688157 has only been paying a dividend for 3 years, and since then payments have fallen.
Dividend Yield vs Market
Sokan New Materials Group Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (688157) | 0.7% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.3% |
Industry Average (Chemicals) | 1.9% |
Analyst forecast in 3 Years (688157) | 0.6% |
Notable Dividend: 688157's dividend (0.67%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 688157's dividend (0.67%) is low compared to the top 25% of dividend payers in the CN market (2.31%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.6%), 688157's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 688157 is paying a dividend but the company has no free cash flows.