Jiangxi Chenguang New Materials Dividend
Dividend criteria checks 2/6
Jiangxi Chenguang New Materials is a dividend paying company with a current yield of 0.91% that is well covered by earnings.
Key information
0.9%
Dividend yield
37%
Payout ratio
Industry average yield | 2.2% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CN¥0.100 |
Earnings per share | CN¥0.28 |
Dividend yield forecast in 3Y | 0.9% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 605399 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 605399 has only been paying a dividend for 3 years, and since then payments have fallen.
Dividend Yield vs Market
Jiangxi Chenguang New Materials Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (605399) | 0.9% |
Market Bottom 25% (CN) | 0.7% |
Market Top 25% (CN) | 2.6% |
Industry Average (Chemicals) | 2.2% |
Analyst forecast in 3 Years (605399) | 0.9% |
Notable Dividend: 605399's dividend (0.91%) is higher than the bottom 25% of dividend payers in the CN market (0.72%).
High Dividend: 605399's dividend (0.91%) is low compared to the top 25% of dividend payers in the CN market (2.64%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (36.9%), 605399's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 605399 is paying a dividend but the company has no free cash flows.