Zhejiang Medicine Dividend
Dividend criteria checks 2/6
Zhejiang Medicine is a dividend paying company with a current yield of 1.03% that is well covered by earnings.
Key information
1.0%
Dividend yield
30%
Payout ratio
| Industry average yield | 2.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.150 |
| Earnings per share | CN¥0.50 |
| Dividend yield forecast in 3Y | 1.1% |
Recent dividend 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) | 1.0% |
| Market Bottom 25% (CN) | 0.8% |
| Market Top 25% (CN) | 2.7% |
| Industry Average (Pharmaceuticals) | 2.0% |
| Analyst forecast in 3 Years (600216) | 1.1% |
Notable Dividend: 600216's dividend (1.03%) is higher than the bottom 25% of dividend payers in the CN market (0.76%).
High Dividend: 600216's dividend (1.03%) is low compared to the top 25% of dividend payers in the CN market (2.75%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.4%), 600216's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 600216 is paying a dividend but the company has no free cash flows.