Qian Jiang Water Resources DevelopmentLtd Dividend
Dividend criteria checks 3/6
Qian Jiang Water Resources DevelopmentLtd is a dividend paying company with a current yield of 1.52% that is well covered by earnings.
Key information
1.5%
Dividend yield
34%
Payout ratio
| Industry average yield | 2.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.143 |
| Earnings per share | CN¥0.42 |
| Future Dividend Yield | n/a |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600283's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600283's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Qian Jiang Water Resources DevelopmentLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600283) | 1.5% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Water Utilities) | 2.4% |
| Analyst forecast (600283) (up to 3 years) | n/a |
Notable Dividend: 600283's dividend (1.52%) is higher than the bottom 25% of dividend payers in the CN market (0.57%).
High Dividend: 600283's dividend (1.52%) is low compared to the top 25% of dividend payers in the CN market (2.22%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.3%), 600283's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 600283 is paying a dividend but the company has no free cash flows.