Jiangsu New Energy Development Dividend
Dividend criteria checks 2/6
Jiangsu New Energy Development is a dividend paying company with a current yield of 1.45% that is well covered by earnings.
Key information
1.5%
Dividend yield
31%
Payout ratio
Industry average yield | 2.4% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CN¥0.150 |
Earnings per share | CN¥0.48 |
Dividend yield forecast | 1.5% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603693 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603693 has only been paying a dividend for 6 years, and since then payments have fallen.
Dividend Yield vs Market
Jiangsu New Energy Development Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (603693) | 1.5% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.2% |
Industry Average (Renewable Energy) | 2.4% |
Analyst forecast (603693) (up to 3 years) | 1.5% |
Notable Dividend: 603693's dividend (1.45%) is higher than the bottom 25% of dividend payers in the CN market (0.58%).
High Dividend: 603693's dividend (1.45%) is low compared to the top 25% of dividend payers in the CN market (2.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.3%), 603693's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (127.6%), 603693's dividend payments are not well covered by cash flows.