Shandong Weifang Rainbow Chemical Dividend
Dividend criteria checks 3/6
Shandong Weifang Rainbow Chemical is a dividend paying company with a current yield of 2.95% that is well covered by earnings.
Key information
2.9%
Dividend yield
55%
Payout ratio
| Industry average yield | 2.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥2.77 |
| Dividend yield forecast in 3Y | 3.3% |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 301035 has been paying a dividend for less than 10 years.
Growing Dividend: 301035's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Shandong Weifang Rainbow Chemical Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (301035) | 2.9% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.5% |
| Industry Average (Chemicals) | 2.2% |
| Analyst forecast in 3 Years (301035) | 3.3% |
Notable Dividend: 301035's dividend (2.95%) is higher than the bottom 25% of dividend payers in the CN market (0.68%).
High Dividend: 301035's dividend (2.95%) is in the top 25% of dividend payers in the CN market (2.46%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54.7%), 301035's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 301035 is paying a dividend but the company has no free cash flows.