Tonze New Energy Technology Co (SZSE:002759) Dividend Payout Ratio : 0.00 (As of Dec. 2023)

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What is Tonze New Energy Technology Co Dividend Payout Ratio?

Tonze New Energy Technology Co's dividend payout ratio for the months ended in Dec. 2023 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tonze New Energy Technology Co Ltd is 4.91, which seems too high.

The historical rank and industry rank for Tonze New Energy Technology Co's Dividend Payout Ratio or its related term are showing as below:

SZSE:002759' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.16 Med: 0.28 Max: 4.91
Current: 4.91

During the past 13 years, the highest Dividend Payout Ratio of Tonze New Energy Technology Co was 4.91. The lowest was 0.16. And the median was 0.28.

SZSE:002759's Dividend Payout Ratio is ranked worse than
97.71% of 218 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 0.445 vs SZSE:002759: 4.91

As of today (2024-04-27), the Dividend Yield % of Tonze New Energy Technology Co is 2.85%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tonze New Energy Technology Co was 3.65%. The lowest was 0.10%. And the median was 0.33%.

Tonze New Energy Technology Co's Dividends per Share for the months ended in Dec. 2023 was ¥0.00.

During the past 12 months, Tonze New Energy Technology Co's average Dividends Per Share Growth Rate was -28.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 89.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tonze New Energy Technology Co was 89.00% per year. The lowest was 4.40% per year. And the median was 10.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Tonze New Energy Technology Co Dividend Payout Ratio Historical Data

The historical data trend for Tonze New Energy Technology Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tonze New Energy Technology Co Dividend Payout Ratio Chart

Tonze New Energy Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.29

3.00

Tonze New Energy Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															-	-	8.44	-	-

Competitive Comparison of Tonze New Energy Technology Co's Dividend Payout Ratio

For the Furnishings, Fixtures & Appliances subindustry, Tonze New Energy Technology Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tonze New Energy Technology Co's Dividend Payout Ratio Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Tonze New Energy Technology Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tonze New Energy Technology Co's Dividend Payout Ratio falls into.

Tonze New Energy Technology Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Tonze New Energy Technology Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.27	/	0.09
	=	3.00

Tonze New Energy Technology Co's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0	/	0.038
	=	0.00

Tonze New Energy Technology Co (SZSE:002759) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Tonze New Energy Technology Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Tonze New Energy Technology Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Tonze New Energy Technology Co (SZSE:002759) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Tonze New Energy Technology Co Ltd (SZSE:002759) » Definitions » Dividend Payout Ratio

Traded in Other Exchanges

N/A

Address

No.12-12 block, Chaoshan Road, Jinyuan Industrial City, Guangdong, Shantou, CHN, 515021

Website

http://www.tonze.com

Tonze New Energy Technology Co Ltd formerly Guangdong Tonze Electric Co Ltd is engaged in designing and manufacturing of series household appliances, NTC thermistor temperature sensor and medical appliances.

Tonze New Energy Technology Co (SZSE:002759) Headlines

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