Zhejiang Xinzhonggang Thermal Power Dividend
Dividend criteria checks 3/6
Zhejiang Xinzhonggang Thermal Power is a dividend paying company with a current yield of 2.48% that is well covered by earnings.
Key information
2.5%
Dividend yield
46%
Payout ratio
| Industry average yield | 1.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥0.41 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No updates
Recent updates
Solid Earnings May Not Tell The Whole Story For Zhejiang Xinzhonggang Thermal Power (SHSE:605162)
Apr 02
Zhejiang Xinzhonggang Thermal Power Co., LTD.'s (SHSE:605162) Price Is Right But Growth Is Lacking After Shares Rocket 26%
Mar 30Capital Allocation Trends At Zhejiang Xinzhonggang Thermal Power (SHSE:605162) Aren't Ideal
Feb 27Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 605162 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 605162 has only been paying a dividend for 2 years, and since then payments have fallen.
Dividend Yield vs Market
| Zhejiang Xinzhonggang Thermal Power Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (605162) | 2.5% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Electric Utilities) | 1.2% |
| Analyst forecast in 3 Years (605162) | n/a |
Notable Dividend: 605162's dividend (2.48%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 605162's dividend (2.48%) is in the top 25% of dividend payers in the CN market (2.39%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (46.4%), 605162's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (122%), 605162's dividend payments are not well covered by cash flows.