Suzhou Shihua New Material Technology Dividend
Dividend criteria checks 2/6
Suzhou Shihua New Material Technology is a dividend paying company with a current yield of 2.22% that is well covered by earnings.
Key information
2.2%
Dividend yield
43%
Payout ratio
| Industry average yield | 2.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.360 |
| Earnings per share | CN¥0.83 |
| Dividend yield forecast | 3.3% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 688093 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 688093's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Suzhou Shihua New Material Technology Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (688093) | 2.2% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.5% |
| Industry Average (Chemicals) | 2.0% |
| Analyst forecast (688093) (up to 3 years) | 3.3% |
Notable Dividend: 688093's dividend (2.22%) is higher than the bottom 25% of dividend payers in the CN market (0.69%).
High Dividend: 688093's dividend (2.22%) is low compared to the top 25% of dividend payers in the CN market (2.54%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.1%), 688093's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 688093 is paying a dividend but the company has no free cash flows.