Ming Yang Smart Energy Group Dividend
Dividend criteria checks 2/6
Ming Yang Smart Energy Group is a dividend paying company with a current yield of 3.1% that is well covered by earnings. Next payment date is on 12th July, 2024 with an ex-dividend date of 2nd July, 2024.
Key information
3.1%
Dividend yield
75%
Payout ratio
Industry average yield | 2.0% |
Next dividend pay date | 12 Jul 24 |
Ex dividend date | 02 Jul 24 |
Dividend per share | n/a |
Earnings per share | US$0.42 |
Dividend yield forecast in 3Y | 3.2% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, MYSE has been paying a dividend for less than 10 years.
Growing Dividend: MYSE's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
Ming Yang Smart Energy Group Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (MYSE) | 3.1% |
Market Bottom 25% (GB) | 2.1% |
Market Top 25% (GB) | 5.7% |
Industry Average (Electrical) | 2.0% |
Analyst forecast in 3 Years (MYSE) | 3.2% |
Notable Dividend: MYSE's dividend (3.1%) is higher than the bottom 25% of dividend payers in the UK market (2.05%).
High Dividend: MYSE's dividend (3.1%) is low compared to the top 25% of dividend payers in the UK market (5.7%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (74.6%), MYSE's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: MYSE is paying a dividend but the company has no free cash flows.