Sobute New Materials Dividend
Dividend criteria checks 2/6
Sobute New Materials is a dividend paying company with a current yield of 1.78% that is well covered by earnings.
Key information
1.8%
Dividend yield
45%
Payout ratio
Industry average yield | 1.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CN¥0.33 |
Dividend yield forecast in 3Y | 2.7% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603916 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603916 has only been paying a dividend for 6 years, and since then payments have fallen.
Dividend Yield vs Market
Sobute New Materials Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (603916) | 1.8% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.2% |
Industry Average (Chemicals) | 1.9% |
Analyst forecast in 3 Years (603916) | 2.7% |
Notable Dividend: 603916's dividend (1.78%) is higher than the bottom 25% of dividend payers in the CN market (0.64%).
High Dividend: 603916's dividend (1.78%) is low compared to the top 25% of dividend payers in the CN market (2.24%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.3%), 603916's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603916 is paying a dividend but the company has no free cash flows.