Guangzhou Jointas Chemical Dividend
Dividend criteria checks 1/6
Guangzhou Jointas Chemical is a dividend paying company with a current yield of 1.13%.
Key information
1.1%
Dividend yield
346%
Payout ratio
| Industry average yield | 2.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.050 |
| Earnings per share | CN¥0.014 |
| Dividend yield forecast | n/a |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002909 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002909 has only been paying a dividend for 6 years, and since then payments have fallen.
Dividend Yield vs Market
| Guangzhou Jointas Chemical Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002909) | 1.1% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.5% |
| Industry Average (Chemicals) | 2.0% |
| Analyst forecast (002909) (up to 3 years) | n/a |
Notable Dividend: 002909's dividend (1.13%) is higher than the bottom 25% of dividend payers in the CN market (0.69%).
High Dividend: 002909's dividend (1.13%) is low compared to the top 25% of dividend payers in the CN market (2.54%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (346.2%), 002909's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002909 is paying a dividend but the company has no free cash flows.