Jiangsu Innovative Ecological New Materials Dividend
Dividend criteria checks 2/6
Jiangsu Innovative Ecological New Materials is a dividend paying company with a current yield of 6.23% that is well covered by earnings. Next payment date is on 19th June, 2024 with an ex-dividend date of 28th May, 2024.
Key information
6.2%
Dividend yield
41%
Payout ratio
| Industry average yield | 5.4% |
| Next dividend pay date | 19 Jun 24 |
| Ex dividend date | 28 May 24 |
| Dividend per share | n/a |
| Earnings per share | HK$0.044 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
A Look At The Fair Value Of Jiangsu Innovative Ecological New Materials Limited (HKG:2116)
Mar 20
Pinning Down Jiangsu Innovative Ecological New Materials Limited's (HKG:2116) P/E Is Difficult Right Now
Jan 18Calculating The Intrinsic Value Of Jiangsu Innovative Ecological New Materials Limited (HKG:2116)
Oct 24Jiangsu Innovative Ecological New Materials (HKG:2116) Is Reinvesting At Lower Rates Of Return
Aug 30Jiangsu Innovative Ecological New Materials (HKG:2116) Might Be Having Difficulty Using Its Capital Effectively
May 30Here's What's Concerning About Jiangsu Innovative Ecological New Materials' (HKG:2116) Returns On Capital
Jan 17Jiangsu Innovative Ecological New Materials (HKG:2116) Might Be Having Difficulty Using Its Capital Effectively
Sep 25Calculating The Intrinsic Value Of Jiangsu Innovative Ecological New Materials Limited (HKG:2116)
Mar 09Jiangsu Innovative Ecological New Materials (HKG:2116) Could Be Struggling To Allocate Capital
Dec 28Returns On Capital Signal Tricky Times Ahead For Jiangsu Innovative Ecological New Materials (HKG:2116)
Aug 19Jiangsu Innovative Ecological New Materials (HKG:2116) May Have Issues Allocating Its Capital
Apr 20Here's What To Make Of Jiangsu Innovative Ecological New Materials' (HKG:2116) Returns On Capital
Jan 20Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 2116 has been paying a dividend for less than 10 years.
Growing Dividend: 2116's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Jiangsu Innovative Ecological New Materials Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2116) | 6.2% |
| Market Bottom 25% (HK) | 3.4% |
| Market Top 25% (HK) | 8.2% |
| Industry Average (Chemicals) | 5.4% |
| Analyst forecast in 3 Years (2116) | n/a |
Notable Dividend: 2116's dividend (6.23%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.39%).
High Dividend: 2116's dividend (6.23%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.24%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.3%), 2116's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate 2116's cash payout ratio to determine if its dividend payments are covered by cash flows.