Zhejiang Yonghe Refrigerant Dividend
Dividend criteria checks 2/6
Zhejiang Yonghe Refrigerant is a dividend paying company with a current yield of 0.87% that is well covered by earnings.
Key information
0.9%
Dividend yield
30%
Payout ratio
| Industry average yield | 1.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.150 |
| Earnings per share | CN¥0.49 |
| Dividend yield forecast | 0.9% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 605020 has been paying a dividend for less than 10 years.
Growing Dividend: 605020 has only been paying a dividend for 3 years, and since then payments have fallen.
Dividend Yield vs Market
| Zhejiang Yonghe Refrigerant Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (605020) | 0.9% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.3% |
| Industry Average (Chemicals) | 1.9% |
| Analyst forecast (605020) (up to 3 years) | 0.9% |
Notable Dividend: 605020's dividend (0.87%) is higher than the bottom 25% of dividend payers in the CN market (0.58%).
High Dividend: 605020's dividend (0.87%) is low compared to the top 25% of dividend payers in the CN market (2.3%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30%), 605020's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 605020 is paying a dividend but the company has no free cash flows.