Novoray Dividend
Dividend criteria checks 3/6
Novoray is a dividend paying company with a current yield of 1.14% that is well covered by earnings.
Key information
1.1%
Dividend yield
47%
Payout ratio
| Industry average yield | 2.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.500 |
| Earnings per share | CN¥1.06 |
| Dividend yield forecast in 3Y | 1.1% |
Recent dividend updates
No updates
Recent updates
Novoray's (SHSE:688300) Returns On Capital Not Reflecting Well On The Business
Jul 29
What Novoray Corporation's (SHSE:688300) P/E Is Not Telling You
Jul 13Why Novoray Corporation (SHSE:688300) Could Be Worth Watching
Jun 19If EPS Growth Is Important To You, Novoray (SHSE:688300) Presents An Opportunity
May 13Does Novoray (SHSE:688300) Have A Healthy Balance Sheet?
Apr 23Novoray's (SHSE:688300) Sluggish Earnings Might Be Just The Beginning Of Its Problems
Apr 01Earnings Miss: Novoray Corporation Missed EPS By 8.5% And Analysts Are Revising Their Forecasts
Mar 28Subdued Growth No Barrier To Novoray Corporation (SHSE:688300) With Shares Advancing 28%
Mar 01When Should You Buy Novoray Corporation (SHSE:688300)?
Feb 27Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 688300 has been paying a dividend for less than 10 years.
Growing Dividend: 688300's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| Novoray Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (688300) | 1.1% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.6% |
| Industry Average (Chemicals) | 2.2% |
| Analyst forecast in 3 Years (688300) | 1.1% |
Notable Dividend: 688300's dividend (1.14%) is higher than the bottom 25% of dividend payers in the CN market (0.72%).
High Dividend: 688300's dividend (1.14%) is low compared to the top 25% of dividend payers in the CN market (2.64%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (46.6%), 688300's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (67.8%), 688300's dividend payments are covered by cash flows.