Jiangsu Luokai Mechanical &Electrical Dividends and Buybacks
Dividend criteria checks 3/6
Jiangsu Luokai Mechanical &Electrical is a dividend paying company with a current yield of 0.7% that is well covered by earnings.
Key information
0.7%
Dividend yield
-0.2%
Buyback Yield
| Total Shareholder Yield | 0.5% |
| Future Dividend Yield | n/a |
| Dividend Growth | 3.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.100 |
| Payout ratio | 14% |
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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603829) | 0.7% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Electronic) | 1.3% |
| Analyst forecast (603829) (up to 3 years) | n/a |
Notable Dividend: 603829's dividend (0.7%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 603829's dividend (0.7%) is low compared to the top 25% of dividend payers in the CN market (2.17%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.1%), 603829's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (20.9%), 603829's dividend payments are well covered by cash flows.