Steering Clear Of Sinomag Know-how With One Higher Dividend Inventory Choice

Dividend development is a key indicator of an organization’s monetary well being and its potential to offer constant returns to traders. Within the realm of dividend shares, it is essential to determine firms which have maintained or elevated their dividends over time. Sadly, some firms like Sinomag Know-how have seen their dividends decline, making them much less interesting for these searching for dependable funding revenue from dividends in China’s market.

High 10 Dividend Shares In China

Title Dividend Yield Dividend Score
Lao Feng Xiang (SHSE:600612) 3.24% ★★★★★★
Midea Group (SZSE:000333) 4.69% ★★★★★★
Changhong Meiling (SZSE:000521) 4.06% ★★★★★★
Wuliangye YibinLtd (SZSE:000858) 3.62% ★★★★★★
Ping An Financial institution (SZSE:000001) 7.21% ★★★★★★
Interior Mongolia Yili Industrial Group (SHSE:600887) 4.72% ★★★★★★
China South Publishing & Media Group (SHSE:601098) 4.17% ★★★★★★
Huangshan NovelLtd (SZSE:002014) 5.66% ★★★★★★
Chacha Meals Firm (SZSE:002557) 3.62% ★★★★★★
Zhejiang Jiaxin SilkLtd (SZSE:002404) 5.69% ★★★★★★

Click on right here to see the total record of 247 shares from our High Dividend Shares screener.

Let’s discover one of many standout choices from the leads to the screener and study one not assembly the grade.

High Decide

Jiangsu Phoenix Publishing & Media (SHSE:601928)

Merely Wall St Dividend Score: ★★★★★☆

Overview: Jiangsu Phoenix Publishing & Media Company Restricted specializes within the modifying, publishing, and distribution of books, newspapers, digital publications, and audio-visual merchandise throughout China, with a market capitalization of CN¥29.85 billion.

Operations: The corporate generates income primarily by way of the sale of books, newspapers, digital and audio-visual publications.

Dividend Yield: 4.3%

Jiangsu Phoenix Publishing & Media maintains a secure dividend yield at 4.26%, greater than the market common of two.57%. Its dividends are well-supported with a payout ratio of 45% and a money payout ratio of 70.5%, indicating sustainability from each earnings and money stream views. Regardless of this, the corporate’s dividend monitor file has been unreliable over the previous decade, displaying some volatility. Just lately, Q1 earnings confirmed a lower to CNY 356.11 million from CNY 482.96 million year-over-year, probably signaling challenges forward.

SHSE:601928 Dividend Historical past as at Jul 2024

One To Rethink

Sinomag Know-how (SZSE:300835)

Merely Wall St Dividend Score: ★★☆☆☆☆

Overview: Sinomag Know-how Co., Ltd. is a world firm specializing within the analysis, growth, manufacturing, and sale of everlasting ferrite magnets and comfortable magnetic cores and elements, with a market capitalization of roughly CN¥3.03 billion.

Operations: The corporate generates income primarily by way of the event and sale of everlasting ferrite magnets and comfortable magnetic cores and elements globally.

Dividend Yield: 0.8%

Sinomag Know-how Co., Ltd. faces challenges as a dividend inventory primarily attributable to its declining dividend funds over the previous 4 years, regardless of having an inexpensive payout ratio of 26.8%. The corporate’s latest dividend announcement of CNY 2.00 per 10 shares doesn’t align with its unstable dividend historical past and lack of free money flows, casting doubt on the sustainability and reliability of future dividends. Moreover, its low yield of 0.78% falls quick in comparison with the highest quartile in China’s market at 2.57%.

SZSE:300835 Dividend Historical past as at Jul 2024

The place To Now?

  • Take a better have a look at our High Dividend Shares record of 247 firms by clicking right here.
  • Received pores and skin within the recreation with a few of these shares? Elevate the way you handle them by utilizing Merely Wall St’s portfolio, the place intuitive instruments await to assist optimize your funding outcomes.
  • Unlock the ability of knowledgeable investing with Merely Wall St, your free information to navigating inventory markets worldwide.

Trying For Various Alternatives?

This text by Merely Wall St is basic in nature. We offer commentary based mostly on historic information and analyst forecasts solely utilizing an unbiased methodology and our articles should not meant to be monetary recommendation. It doesn’t represent a advice to purchase or promote any inventory, and doesn’t take account of your aims, or your monetary scenario. We goal to convey you long-term centered evaluation pushed by basic information. Notice that our evaluation might not issue within the newest price-sensitive firm bulletins or qualitative materials. Merely Wall St has no place in any shares talked about.

Valuation is advanced, however we’re serving to make it easy.

Discover out whether or not Sinomag Know-how is probably over or undervalued by testing our complete evaluation, which incorporates truthful worth estimates, dangers and warnings, dividends, insider transactions and monetary well being.

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