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Shenzhen Inovance Technology Co (SZSE:300124) 3-Year Dividend Growth Rate

: 31.10% (As of Sep. 2023)
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Shenzhen Inovance Technology Co's Dividends per Share for the three months ended in Sep. 2023 was ¥0.00.

The historical rank and industry rank for Shenzhen Inovance Technology Co's 3-Year Dividend Growth Rate or its related term are showing as below:

SZSE:300124' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -13.1   Med: 6.3   Max: 43.9
Current: 31.1

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Shenzhen Inovance Technology Co was 43.90% per year. The lowest was -13.10% per year. And the median was 6.30% per year.

SZSE:300124's 3-Year Dividend Growth Rate is ranked better than
80.93% of 1096 companies
in the Industrial Products industry
Industry Median: 11.15 vs SZSE:300124: 31.10

During the past 12 months, Shenzhen Inovance Technology Co's average Dividends Per Share Growth Rate was 20.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 31.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Shenzhen Inovance Technology Co's Dividend Payout Ratio for the three months ended in Sep. 2023 was 0.00. As of today, Shenzhen Inovance Technology Co's Dividend Yield % is 0.59%.

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


Competitive Comparison

For the Electrical Equipment & Parts subindustry, Shenzhen Inovance Technology Co's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.


Shenzhen Inovance Technology Co 3-Year Dividend Growth Rate Distribution

For the Industrial Products industry and Industrials sector, Shenzhen Inovance Technology Co's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Shenzhen Inovance Technology Co's 3-Year Dividend Growth Rate falls into.



Shenzhen Inovance Technology Co 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Shenzhen Inovance Technology Co  (SZSE:300124) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Shenzhen Inovance Technology Co's Dividend Payout Ratio for the quarter that ended in Sep. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Sep. 2023 )/ EPS without NRI (Q: Sep. 2023 )
=0/ 0.451
=0.00

During the past 13 years, the highest Dividend Payout Ratio of Shenzhen Inovance Technology Co was 0.62. The lowest was 0.16. And the median was 0.46.

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

Shenzhen Inovance Technology Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CNY 0.3602023-06-122023-06-092023-06-12Cash DividendannuallyCNY:CNY 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Shenzhen Inovance Technology Co's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.36/61.00
=0.59 %

Current Share Price is ¥61.00.
Shenzhen Inovance Technology Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is ¥0.36.

During the past 13 years, the highest Dividend Yield of Shenzhen Inovance Technology Co was 1.97%. The lowest was 0.16%. And the median was 0.94%.

* 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.


Shenzhen Inovance Technology Co 3-Year Dividend Growth Rate Related Terms>


Shenzhen Inovance Technology Co (SZSE:300124) Business Description

Traded in Other Exchanges
N/A
Address
Liuxian Road No. 70, Building E, Hongwei Industrial Park, Baocheng District, Shenzhen, CHN, 518101
Founded in 2003 by a group of ex-engineers from Huawei and Emerson, Shenzhen Inovance Technology develops and manufactures components used in elevators, automation equipment, robots, new energy vehicles, and railways. A partial list of products includes variable frequency drives--also known as inverters--servo systems, sensors, interfaces and motor controllers. Inovance employs about 20,000 staff, including over 4,700 research and development engineers. About 95% of Inovance's sales are made in China. Its headquarters are in Shenzhen with a large regional office in Suzhou, and these major offices are supported by over 10 branches across China.

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