Wedge IndustrialLtd Dividend
Dividend criteria checks 2/6
Wedge IndustrialLtd is a dividend paying company with a current yield of 1.3% that is well covered by earnings. Next payment date is on 27th August, 2024 with an ex-dividend date of 27th August, 2024.
Key information
1.3%
Dividend yield
32%
Payout ratio
| Industry average yield | 3.1% |
| Next dividend pay date | 27 Aug 24 |
| Ex dividend date | 27 Aug 24 |
| Dividend per share | CN¥0.120 |
| Earnings per share | CN¥0.38 |
| Dividend yield forecast in 3Y | 2.5% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 000534's dividend payments have been volatile in the past 10 years.
Growing Dividend: 000534's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Wedge IndustrialLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (000534) | 1.3% |
| Market Bottom 25% (CN) | 0.8% |
| Market Top 25% (CN) | 2.7% |
| Industry Average (Real Estate) | 3.1% |
| Analyst forecast in 3 Years (000534) | 2.5% |
Notable Dividend: 000534's dividend (1.3%) is higher than the bottom 25% of dividend payers in the CN market (0.76%).
High Dividend: 000534's dividend (1.3%) 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 (32.2%), 000534's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 000534 is paying a dividend but the company has no free cash flows.