Lygend Resources & Technology Dividend
Dividend criteria checks 2/6
Lygend Resources & Technology is a dividend paying company with a current yield of 3.32% that is well covered by earnings. Next payment date is on 14th June, 2024 with an ex-dividend date of 23rd May, 2024.
Key information
3.3%
Dividend yield
30%
Payout ratio
| Industry average yield | 2.2% |
| Next dividend pay date | 14 Jun 24 |
| Ex dividend date | 23 May 24 |
| Dividend per share | n/a |
| Earnings per share | HK$0.68 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Unpleasant Surprises Could Be In Store For Lygend Resources & Technology Co., Ltd.'s (HKG:2245) Shares
Apr 09
Lygend Resources & Technology (HKG:2245) Might Be Having Difficulty Using Its Capital Effectively
Jan 11Weak Statutory Earnings May Not Tell The Whole Story For Lygend Resources & Technology (HKG:2245)
Sep 26Getting In Cheap On Lygend Resources & Technology Co., Ltd. (HKG:2245) Is Unlikely
Jul 26Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 2245's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 2245's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Lygend Resources & Technology Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2245) | 3.3% |
| Market Bottom 25% (HK) | 3.2% |
| Market Top 25% (HK) | 7.8% |
| Industry Average (Metals and Mining) | 2.2% |
| Analyst forecast in 3 Years (2245) | n/a |
Notable Dividend: 2245's dividend (3.32%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.17%).
High Dividend: 2245's dividend (3.32%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.83%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.6%), 2245's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate 2245's cash payout ratio to determine if its dividend payments are covered by cash flows.