Milkyway Chemical Supply Chain ServiceLtd Dividend
Dividend criteria checks 2/6
Milkyway Chemical Supply Chain ServiceLtd is a dividend paying company with a current yield of 0.89% that is well covered by earnings.
Key information
0.9%
Dividend yield
18%
Payout ratio
| Industry average yield | 1.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.530 |
| Earnings per share | CN¥3.02 |
| Dividend yield forecast | 1.3% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 603713 has been paying a dividend for less than 10 years.
Growing Dividend: 603713's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Milkyway Chemical Supply Chain ServiceLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603713) | 0.9% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Logistics) | 1.7% |
| Analyst forecast (603713) (up to 3 years) | 1.3% |
Notable Dividend: 603713's dividend (0.89%) is higher than the bottom 25% of dividend payers in the CN market (0.58%).
High Dividend: 603713's dividend (0.89%) is low compared to the top 25% of dividend payers in the CN market (2.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (17.8%), 603713's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603713 is paying a dividend but the company has no free cash flows.