Ningbo Jintian Copper (Group) is a dividend paying company with a current yield of 1.89% that is well covered by earnings. Next payment date is on 6th June, 2024 with an ex-dividend date of 6th June, 2024.
Key information
1.9%
Dividend yield
32%
Payout ratio
Industry average yield
2.2%
Next dividend pay date
06 Jun 24
Ex dividend date
06 Jun 24
Dividend per share
n/a
Earnings per share
CN¥0.38
Dividend yield forecast in 3Y
2.0%
Recent dividend updates
No updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 601609 has been paying a dividend for less than 10 years.
Growing Dividend: 601609's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
Ningbo Jintian Copper (Group) Dividend Yield vs Market
How does 601609 dividend yield compare to the market?
Segment
Dividend Yield
Company (601609)
1.9%
Market Bottom 25% (CN)
0.6%
Market Top 25% (CN)
2.3%
Industry Average (Metals and Mining)
2.2%
Analyst forecast in 3 Years (601609)
2.0%
Notable Dividend: 601609's dividend (1.89%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 601609's dividend (1.89%) is low compared to the top 25% of dividend payers in the CN market (2.31%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.8%), 601609's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 601609 is paying a dividend but the company has no free cash flows.