Guangdong Haomei New Materials Co.,Ltd
SZSE:002988 Stock Report
Guangdong Haomei New MaterialsLtd Dividends and Buybacks
Dividend criteria checks 3/6
Guangdong Haomei New MaterialsLtd is a dividend paying company with a current yield of 2.4% that is well covered by earnings.
Key information
| Total Shareholder Yield | 5.5% |
| Future Dividend Yield | 2.4% |
| Dividend Growth | 37.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.500 |
| Payout ratio | 26% |
Recent dividend and buyback updates
We Think That There Are Issues Underlying Guangdong Haomei New MaterialsLtd's (SZSE:002988) Earnings
Nov 02Investors Holding Back On Guangdong Haomei New Materials Co.,Ltd (SZSE:002988)
Sep 30Returns On Capital At Guangdong Haomei New MaterialsLtd (SZSE:002988) Have Stalled
Apr 28Stability and Growth of Payments
Stable Dividend: 002988 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002988's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| Guangdong Haomei New MaterialsLtd Dividend Yield vs Market |
|---|
How does 002988 dividend yield compare to the market?| Segment | Dividend Yield |
|---|
| Company (002988) | 2.4% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Metals and Mining) | 2.1% |
| Analyst forecast (002988) (up to 3 years) | 2.4% |
Notable Dividend: 002988's dividend (2.4%) is higher than the bottom 25% of dividend payers in the CN market (0.51%).
High Dividend: 002988's dividend (2.4%) is in the top 25% of dividend payers in the CN market (2.06%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (26%), 002988's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002988 is paying a dividend but the company has no free cash flows.
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