CGN New Energy Holdings is a dividend paying company with a current yield of 4.72% that is well covered by earnings. Next payment date is on 21st June, 2024 with an ex-dividend date of 5th June, 2024.
Key information
4.7%
Dividend yield
25%
Payout ratio
Industry average yield
3.2%
Next dividend pay date
21 Jun 24
Ex dividend date
05 Jun 24
Dividend per share
n/a
Earnings per share
€0.062
Dividend yield forecast in 3Y
7.3%
Recent dividend updates
No updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: C41 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: C41's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
CGN New Energy Holdings Dividend Yield vs Market
How does C41 dividend yield compare to the market?
Segment
Dividend Yield
Company (C41)
4.7%
Market Bottom 25% (DE)
1.6%
Market Top 25% (DE)
4.6%
Industry Average (Renewable Energy)
3.2%
Analyst forecast in 3 Years (C41)
7.3%
Notable Dividend: C41's dividend (4.72%) is higher than the bottom 25% of dividend payers in the German market (1.63%).
High Dividend: C41's dividend (4.72%) is in the top 25% of dividend payers in the German market (4.61%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (25%), C41's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (166.6%), C41's dividend payments are not well covered by cash flows.