Novoray Dividends and Buybacks
Dividend criteria checks 3/6
Novoray is a dividend paying company with a current yield of 0.94% that is well covered by earnings.
Key information
0.9%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 0.9% |
| Dividend Growth | 1.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.500 |
| Payout ratio | 39% |
Recent dividend and buyback updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 688300 has been paying a dividend for less than 10 years.
Growing Dividend: 688300's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| Novoray Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (688300) | 0.9% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Chemicals) | 1.7% |
| Analyst forecast (688300) (up to 3 years) | 0.9% |
Notable Dividend: 688300's dividend (0.94%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).
High Dividend: 688300's dividend (0.94%) is low compared to the top 25% of dividend payers in the CN market (2.09%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.3%), 688300's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (55.7%), 688300's dividend payments are covered by cash flows.