Wuxi Honghui New Materials Technology Dividend
Dividend criteria checks 3/6
Wuxi Honghui New Materials Technology is a dividend paying company with a current yield of 2.61% that is well covered by earnings.
Key information
2.6%
Dividend yield
86%
Payout ratio
| Industry average yield | 1.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.250 |
| Earnings per share | CN¥0.28 |
| Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002802 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002802's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Wuxi Honghui New Materials Technology Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002802) | 2.6% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Chemicals) | 1.8% |
| Analyst forecast (002802) (up to 3 years) | n/a |
Notable Dividend: 002802's dividend (2.61%) is higher than the bottom 25% of dividend payers in the CN market (0.58%).
High Dividend: 002802's dividend (2.61%) is in the top 25% of dividend payers in the CN market (2.21%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (86.2%), 002802's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (97.4%), 002802's dividend payments are not well covered by cash flows.