If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Jiangsu LiXing General Steel Ball Co Ltd is 1.66, which seems too high.
During the past 12 months, Jiangsu LiXing General Steel Ball Co's average Dividends Per Share Growth Rate was 180.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 61.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 1.80% 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.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Jiangsu LiXing General Steel Ball Co was 61.60% per year. The lowest was -31.00% per year. And the median was -3.10% per year.
For more information regarding to dividend, please check our Dividend Page.
Jiangsu LiXing General Steel Ball Co Dividends per Share Historical Data
* 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.
* Premium members only.
Jiangsu LiXing General Steel Ball Co Dividends per Share Chart
Competitive Comparison of Jiangsu LiXing General Steel Ball Co's Dividends per Share
For the Steel subindustry, Jiangsu LiXing General Steel Ball Co's Dividend Yield %, along with its competitors' market caps and 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.
Jiangsu LiXing General Steel Ball Co's Dividend Yield % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Jiangsu LiXing General Steel Ball Co's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Jiangsu LiXing General Steel Ball Co's Dividend Yield % falls into.
Jiangsu LiXing General Steel Ball Co Dividends per Share Calculation
Dividends paid to per common share.
Jiangsu LiXing General Steel Ball Co (SZSE:300421) Dividends per Share Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Jiangsu LiXing General Steel Ball Co's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as
During the past 13 years, the highest Dividend Payout Ratio of Jiangsu LiXing General Steel Ball Co was 1.79. The lowest was 0.31. And the median was 0.76.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Jiangsu LiXing General Steel Ball Co Ltd is 1.66, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Jiangsu LiXing General Steel Ball Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CNY 0.250000
2023-11-10
2023-11-09
2023-11-10
Cash Dividend
quarterly
CNY: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.
Jiangsu LiXing General Steel Ball Co's Dividend Yield (%) for Today is calculated as
Current Share Price is ¥9.21.
Jiangsu LiXing General Steel Ball Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is ¥0.25.
During the past 13 years, the highest Dividend Yield of Jiangsu LiXing General Steel Ball Co was 5.86%. The lowest was 0.37%. And the median was 1.24%.
* 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.
Jiangsu LiXing General Steel Ball Co Dividends per Share Related Terms
Thank you for viewing the detailed overview of Jiangsu LiXing General Steel Ball Co's Dividends per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Jiangsu LiXing General Steel Ball Co (SZSE:300421) Business Description
Jiangsu LiXing General Steel Ball Co Ltd is engaged in manufacturing of mechanical basic parts and auto parts. Its main products are high-precision bearing steel ball, precision non-sound steel ball, high-grade car special precision bearing steel ball, high-grade car wheel special steel ball, wind power generation special steel Balls.
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