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 | 5.2% |
| 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
No updates
Recent updates
Stability 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) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Pharmaceuticals) | 1.7% |
| 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 (2.16%).
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.