Ningbo Water Meter (Group)Ltd Dividends and Buybacks
Dividend criteria checks 3/6
Ningbo Water Meter (Group)Ltd is a dividend paying company with a current yield of 2.84% that is well covered by earnings.
Key information
2.8%
Dividend yield
1.2%
Buyback Yield
| Total Shareholder Yield | 4.0% |
| Future Dividend Yield | n/a |
| Dividend Growth | 11.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.300 |
| Payout ratio | 69% |
Recent dividend and buyback updates
Recent updates
The Returns On Capital At Ningbo Water Meter (Group)Ltd (SHSE:603700) Don't Inspire Confidence
Aug 30
Ningbo Water Meter (Group)'s (SHSE:603700) Solid Earnings May Rest On Weak Foundations
May 03Ningbo Water Meter (Group) Co., LTD. (SHSE:603700) Looks Inexpensive But Perhaps Not Attractive Enough
Feb 28Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603700 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603700 has only been paying a dividend for 6 years, and since then payments have fallen.
Dividend Yield vs Market
| Ningbo Water Meter (Group)Ltd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603700) | 2.8% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Electronic) | 1.3% |
| Analyst forecast (603700) (up to 3 years) | n/a |
Notable Dividend: 603700's dividend (2.84%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 603700's dividend (2.84%) is in the top 25% of dividend payers in the CN market (2.16%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (69.4%), 603700's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (155.6%), 603700's dividend payments are not well covered by cash flows.