Guangdong Tianhe Agricultural Means of Production Dividend
Dividend criteria checks 2/6
Guangdong Tianhe Agricultural Means of Production is a dividend paying company with a current yield of 1.46% that is well covered by earnings.
Key information
1.5%
Dividend yield
46%
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¥0.27 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 002999 has been paying a dividend for less than 10 years.
Growing Dividend: 002999 has only been paying a dividend for 3 years, and since then payments have fallen.
Dividend Yield vs Market
Guangdong Tianhe Agricultural Means of Production Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (2999) | 1.5% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.3% |
Industry Average (Chemicals) | 1.9% |
Analyst forecast in 3 Years (2999) | n/a |
Notable Dividend: 002999's dividend (1.46%) is higher than the bottom 25% of dividend payers in the CN market (0.64%).
High Dividend: 002999's dividend (1.46%) is low compared to the top 25% of dividend payers in the CN market (2.29%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.6%), 002999's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002999 is paying a dividend but the company has no free cash flows.