Renxin New MaterialLtd Dividend
Dividend criteria checks 2/6
Renxin New MaterialLtd is a dividend paying company with a current yield of 6.68%.
Key information
6.7%
Dividend yield
259%
Payout ratio
| Industry average yield | 2.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.714 |
| Earnings per share | CN¥0.28 |
| Dividend yield forecast | n/a |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 301395's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 301395's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Renxin New MaterialLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (301395) | 6.7% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.5% |
| Industry Average (Chemicals) | 2.0% |
| Analyst forecast (301395) (up to 3 years) | n/a |
Notable Dividend: 301395's dividend (6.68%) is higher than the bottom 25% of dividend payers in the CN market (0.69%).
High Dividend: 301395's dividend (6.68%) is in the top 25% of dividend payers in the CN market (2.54%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (259.5%), 301395's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 301395 is paying a dividend but the company has no free cash flows.