Persistence Resources Group Dividends and Buybacks
Dividend criteria checks 2/6
Persistence Resources Group is a dividend paying company with a current yield of 6.5% that is well covered by earnings.
Key information
6.5%
Dividend yield
-14.2%
Buyback Yield
| Total Shareholder Yield | -7.7% |
| Future Dividend Yield | n/a |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | HK$0.059 |
| Payout ratio | 57% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 2489's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 2489's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Persistence Resources Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2489) | 6.5% |
| Market Bottom 25% (HK) | 3.3% |
| Market Top 25% (HK) | 8.1% |
| Industry Average (Metals and Mining) | 3.6% |
| Analyst forecast (2489) (up to 3 years) | n/a |
Notable Dividend: 2489's dividend (6.5%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.3%).
High Dividend: 2489's dividend (6.5%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.06%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (56.9%), 2489's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (99.6%), 2489's dividend payments are not well covered by cash flows.