China Three Gorges Renewables (Group)Ltd Dividend
Dividend criteria checks 2/6
China Three Gorges Renewables (Group)Ltd is a dividend paying company with a current yield of 1.66% that is well covered by earnings.
Key information
1.7%
Dividend yield
34%
Payout ratio
| Industry average yield | 2.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥0.25 |
| Dividend yield forecast in 3Y | 3.0% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600905 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 600905's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| China Three Gorges Renewables (Group)Ltd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600905) | 1.7% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Renewable Energy) | 2.4% |
| Analyst forecast in 3 Years (600905) | 3.0% |
Notable Dividend: 600905's dividend (1.66%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 600905's dividend (1.66%) is low compared to the top 25% of dividend payers in the CN market (2.35%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (33.7%), 600905's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 600905 is paying a dividend but the company has no free cash flows.