Shandong Kaisheng New MaterialsLtd Dividend
Dividend criteria checks 2/6
Shandong Kaisheng New MaterialsLtd is a dividend paying company with a current yield of 0.94% that is well covered by earnings.
Key information
0.9%
Dividend yield
47%
Payout ratio
| Industry average yield | 2.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥0.32 |
| Dividend yield forecast in 3Y | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 301069 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 301069 has only been paying a dividend for 2 years, and since then payments have fallen.
Dividend Yield vs Market
| Shandong Kaisheng New MaterialsLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (301069) | 0.9% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Chemicals) | 2.1% |
| Analyst forecast in 3 Years (301069) | n/a |
Notable Dividend: 301069's dividend (0.94%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 301069's dividend (0.94%) is low compared to the top 25% of dividend payers in the CN market (2.35%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (47.4%), 301069's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (214%), 301069's dividend payments are not well covered by cash flows.