GuiZhou QianYuan Power Co., Ltd.

SZSE:002039 Stock Report

Market Cap: CN¥7.8b

GuiZhou QianYuan Power Dividend

Dividend criteria checks 3/6

GuiZhou QianYuan Power is a dividend paying company with a current yield of 1.08% that is well covered by earnings. Last payment was on 14th June, 2024 with an ex-dividend date of 14th June, 2024.

Key information

1.1%

Dividend yield

28%

Payout ratio

Industry average yield2.4%
Next dividend pay date14 Jun 24
Ex dividend date14 Jun 24
Dividend per sharen/a
Earnings per shareCN¥0.68
Dividend yield forecast in 3Y2.0%

Recent dividend updates

Recent updates

GuiZhou QianYuan Power Co., Ltd.'s (SZSE:002039) Shares Not Telling The Full Story

May 28
GuiZhou QianYuan Power Co., Ltd.'s (SZSE:002039) Shares Not Telling The Full Story

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: 002039 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 002039 has only been paying a dividend for 9 years, and since then payments have fallen.


Dividend Yield vs Market

GuiZhou QianYuan Power Dividend Yield vs Market
How does 2039 dividend yield compare to the market?
SegmentDividend Yield
Company (2039)1.1%
Market Bottom 25% (CN)0.7%
Market Top 25% (CN)2.4%
Industry Average (Renewable Energy)2.4%
Analyst forecast in 3 Years (2039)2.0%

Notable Dividend: 002039's dividend (1.08%) is higher than the bottom 25% of dividend payers in the CN market (0.67%).

High Dividend: 002039's dividend (1.08%) is low compared to the top 25% of dividend payers in the CN market (2.41%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (27.8%), 002039's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (6%), 002039's dividend payments are thoroughly covered by cash flows.


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