Digital China Group Dividend
Dividend criteria checks 2/6
Digital China Group is a dividend paying company with a current yield of 1.45% that is well covered by earnings. Last payment was on 6th May, 2024 with an ex-dividend date of 6th May, 2024.
Key information
1.5%
Dividend yield
24%
Payout ratio
| Industry average yield | 1.0% |
| Next dividend pay date | 06 May 24 |
| Ex dividend date | 06 May 24 |
| Dividend per share | n/a |
| Earnings per share | CN¥1.83 |
| Dividend yield forecast in 3Y | 2.6% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 000034 has been paying a dividend for less than 10 years.
Growing Dividend: 000034's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Digital China Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (34) | 1.5% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (IT) | 1.0% |
| Analyst forecast in 3 Years (34) | 2.6% |
Notable Dividend: 000034's dividend (1.45%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 000034's dividend (1.45%) is low compared to the top 25% of dividend payers in the CN market (2.35%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (24.4%), 000034's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 000034 is paying a dividend but the company has no free cash flows.