Zhejiang Medicine Dividends and Buybacks
Dividend criteria checks 3/6
Zhejiang Medicine is a dividend paying company with a current yield of 0.95% that is well covered by earnings.
Key information
0.9%
Dividend yield
0.009%
Buyback Yield
| Total Shareholder Yield | 1.0% |
| Future Dividend Yield | 1.5% |
| Dividend Growth | 5.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.150 |
| Payout ratio | 15% |
Recent dividend and buyback updates
Recent updates
Zhejiang Medicine Co., Ltd. (SHSE:600216) Screens Well But There Might Be A Catch
Nov 22
We Think That There Are Issues Underlying Zhejiang Medicine's (SHSE:600216) Earnings
Nov 01Is Zhejiang Medicine (SHSE:600216) A Risky Investment?
Sep 14What Zhejiang Medicine Co., Ltd.'s (SHSE:600216) 27% Share Price Gain Is Not Telling You
Aug 06Zhejiang Medicine (SHSE:600216) Is Reducing Its Dividend To CN¥0.15
Jul 05The Market Doesn't Like What It Sees From Zhejiang Medicine Co., Ltd.'s (SHSE:600216) Earnings Yet
Jun 21Zhejiang Medicine's (SHSE:600216) Earnings Are Weaker Than They Seem
May 02Zhejiang Medicine (SHSE:600216) Has A Somewhat Strained Balance Sheet
Mar 29Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600216's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600216's dividend payments have not increased over the past 10 years.
Dividend Yield vs Market
| Zhejiang Medicine Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600216) | 0.9% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Pharmaceuticals) | 1.8% |
| Analyst forecast (600216) (up to 3 years) | 1.5% |
Notable Dividend: 600216's dividend (0.95%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 600216's dividend (0.95%) is low compared to the top 25% of dividend payers in the CN market (2.12%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.7%), 600216's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (51%), 600216's dividend payments are covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/31 04:49 |
| End of Day Share Price | 2024/12/31 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Zhejiang Medicine Co., Ltd. is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Xiaofeng Qiu | China International Capital Corporation Limited |
| Yilin Hou | China International Capital Corporation Limited |
| Zheng Zhou | China Merchants Securities Co. Ltd. |