Shandong Molong Petroleum Machinery Co (SZSE:002490) Forward Dividend Yield % : 0.00% (As of Apr. 30, 2024)

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What is Shandong Molong Petroleum Machinery Co Forward Dividend Yield %?

As of today (2024-04-30), the Forward Annual Dividend Yield of Shandong Molong Petroleum Machinery Co is 0.00%.

As of today (2024-04-30), the Trailing Annual Dividend Yield of Shandong Molong Petroleum Machinery Co is 0.00%.

SZSE:002490's Forward Dividend Yield % is not ranked ^*
in the Oil & Gas industry.
Industry Median: 4.24
* Ranked among companies with meaningful Forward Dividend Yield % only.

Shandong Molong Petroleum Machinery Co's Dividends per Share for the three months ended in Dec. 2023 was ¥0.00.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Shandong Molong Petroleum Machinery Co was 159.60% per year. The lowest was -18.40% per year. And the median was 3.05% per year.

The growth rate is calculated with least square regression.

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

Competitive Comparison of Shandong Molong Petroleum Machinery Co's Forward Dividend Yield %

For the Oil & Gas Equipment & Services subindustry, Shandong Molong Petroleum Machinery Co's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % 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.

Shandong Molong Petroleum Machinery Co's Forward Dividend Yield % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Shandong Molong Petroleum Machinery Co's Forward Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Shandong Molong Petroleum Machinery Co's Forward Dividend Yield % falls into.

Shandong Molong Petroleum Machinery Co Forward Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Shandong Molong Petroleum Machinery Co (SZSE:002490) Forward Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

Shandong Molong Petroleum Machinery Co Forward Dividend Yield % Related Terms

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Shandong Molong Petroleum Machinery Co (SZSE:002490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Shandong Molong Petroleum Machinery Co Ltd (SZSE:002490) » Definitions » Forward Dividend Yield %

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SHANY:USA SHANF:USA 00568:Hong Kong

Address

No. 99 Xingshang Road, Gucheng Street, Shandong Province, Shouguang, CHN, 262700

Website

http://www.molonggroup.com

Shandong Molong Petroleum Machinery Co Ltd is mainly engaged in design, research and development, processing and manufacturing, sales service and export trade of products for the energy equipment industry. The main products included petroleum-drilling machinery equipment, petroleum and natural gas transportation equipment, petroleum and natural gas exploitation equipment, and major critical components and castings and forgings products. The company's products are mainly used in petroleum, natural gas, coalbed methane, shale gas and other energy drilling, machinery processing, and urban pipe network. The sales of pipe products accounted for over 80% of the company's revenue.

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