Fujian Torch Electron Technology Dividend
Dividend criteria checks 2/6
Fujian Torch Electron Technology is a dividend paying company with a current yield of 0.55% that is well covered by earnings. Next payment date is on 14th October, 2024 with an ex-dividend date of 14th October, 2024.
Key information
0.6%
Dividend yield
43%
Payout ratio
| Industry average yield | 1.3% |
| Next dividend pay date | 14 Oct 24 |
| Ex dividend date | 14 Oct 24 |
| Dividend per share | CN¥0.140 |
| Earnings per share | CN¥0.50 |
| Dividend yield forecast | 1.4% |
Recent dividend updates
No updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603678 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603678's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Fujian Torch Electron Technology Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603678) | 0.6% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Electronic) | 1.3% |
| Analyst forecast (603678) (up to 3 years) | 1.4% |
Notable Dividend: 603678's dividend (0.55%) isn’t notable compared to the bottom 25% of dividend payers in the CN market (0.58%).
High Dividend: 603678's dividend (0.55%) is low compared to the top 25% of dividend payers in the CN market (2.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.5%), 603678's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (14.5%), 603678's dividend payments are thoroughly covered by cash flows.