China Chengtong Development Group Dividend
Dividend criteria checks 2/6
China Chengtong Development Group is a dividend paying company with a current yield of 4% that is well covered by earnings. Next payment date is on 19th July, 2024 with an ex-dividend date of 3rd July, 2024.
Key information
4.0%
Dividend yield
30%
Payout ratio
| Industry average yield | 2.2% |
| Next dividend pay date | 19 Jul 24 |
| Ex dividend date | 03 Jul 24 |
| Dividend per share | n/a |
| Earnings per share | €0.011 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CCO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: CCO has only been paying a dividend for 3 years, and since then payments have fallen.
Dividend Yield vs Market
| China Chengtong Development Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CCO) | 4.0% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.7% |
| Industry Average (Trade Distributors) | 2.2% |
| Analyst forecast in 3 Years (CCO) | n/a |
Notable Dividend: CCO's dividend (4%) is higher than the bottom 25% of dividend payers in the German market (1.65%).
High Dividend: CCO's dividend (4%) is low compared to the top 25% of dividend payers in the German market (4.67%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.8%), CCO's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: CCO is paying a dividend but the company has no free cash flows.