Ganzhou Tengyuan Cobalt New Material Dividends and Buybacks
Dividend criteria checks 3/6
Ganzhou Tengyuan Cobalt New Material is a dividend paying company with a current yield of 3.03% that is well covered by earnings.
Key information
3.0%
Dividend yield
0.9%
Buyback Yield
| Total Shareholder Yield | 3.9% |
| Future Dividend Yield | 3.0% |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥1.500 |
| Payout ratio | 54% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 301219 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 301219 has only been paying a dividend for 3 years, and since then payments have fallen.
Dividend Yield vs Market
| Ganzhou Tengyuan Cobalt New Material Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (301219) | 3.0% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Chemicals) | 1.7% |
| Analyst forecast (301219) (up to 3 years) | 3.0% |
Notable Dividend: 301219's dividend (3.03%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 301219's dividend (3.03%) is in the top 25% of dividend payers in the CN market (2.16%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54%), 301219's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 301219 is paying a dividend but the company has no free cash flows.