Sobute New Materials Dividends and Buybacks
Dividend criteria checks 3/6
Sobute New Materials is a dividend paying company with a current yield of 1.86% that is well covered by earnings.
Key information
1.9%
Dividend yield
-2.1%
Buyback Yield
| Total Shareholder Yield | -0.3% |
| Future Dividend Yield | 2.5% |
| Dividend Growth | 7.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.150 |
| Payout ratio | 67% |
Recent dividend and buyback 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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603916) | 1.9% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Chemicals) | 1.7% |
| Analyst forecast (603916) (up to 3 years) | 2.5% |
Notable Dividend: 603916's dividend (1.86%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).
High Dividend: 603916's dividend (1.86%) is low compared to the top 25% of dividend payers in the CN market (2.08%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67.3%), 603916's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (51.8%), 603916's dividend payments are covered by cash flows.