Jiangsu Luokai Mechanical &Electrical Dividend
Dividend criteria checks 3/6
Jiangsu Luokai Mechanical &Electrical is a dividend paying company with a current yield of 0.87% that is well covered by earnings. Last payment was on 28th June, 2024 with an ex-dividend date of 28th June, 2024.
Key information
0.9%
Dividend yield
15%
Payout ratio
Industry average yield | 1.5% |
Next dividend pay date | 28 Jun 24 |
Ex dividend date | 28 Jun 24 |
Dividend per share | n/a |
Earnings per share | CN¥0.69 |
Dividend yield forecast in 3Y | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 603829 has been paying a dividend for less than 10 years.
Growing Dividend: 603829 has only been paying a dividend for 6 years, and since then payments have fallen.
Dividend Yield vs Market
Jiangsu Luokai Mechanical &Electrical Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (603829) | 0.9% |
Market Bottom 25% (CN) | 0.7% |
Market Top 25% (CN) | 2.5% |
Industry Average (Electronic) | 1.5% |
Analyst forecast in 3 Years (603829) | n/a |
Notable Dividend: 603829's dividend (0.87%) is higher than the bottom 25% of dividend payers in the CN market (0.7%).
High Dividend: 603829's dividend (0.87%) is low compared to the top 25% of dividend payers in the CN market (2.55%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.8%), 603829's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (13.9%), 603829's dividend payments are thoroughly covered by cash flows.