Weihai Tiangang Instrument Co (BJSE:832651) Dividend Payout Ratio : 3.04 (As of Jun. 2024)

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What is Weihai Tiangang Instrument Co Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Weihai Tiangang Instrument Co's Dividend Payout Ratio for the months ended in Jun. 2024 was 3.04.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Weihai Tiangang Instrument Co Ltd is 1.48, which seems too high.

The historical rank and industry rank for Weihai Tiangang Instrument Co's Dividend Payout Ratio or its related term are showing as below:

BJSE:832651' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0 Med: 0 Max: 1.48
Current: 1.48

During the past 10 years, the highest Dividend Payout Ratio of Weihai Tiangang Instrument Co was 1.48. The lowest was 0.00. And the median was 0.00.

BJSE:832651's Dividend Payout Ratio is ranked worse than
92.01% of 1176 companies
in the Hardware industry
Industry Median: 0.46 vs BJSE:832651: 1.48

As of today (2024-09-25), the Dividend Yield % of Weihai Tiangang Instrument Co is 6.19%.

During the past 10 years, the highest Trailing Annual Dividend Yield of Weihai Tiangang Instrument Co was 12.96%. The lowest was 3.43%. And the median was 4.98%.

Weihai Tiangang Instrument Co's Dividends per Share for the months ended in Jun. 2024 was ¥0.70.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Weihai Tiangang Instrument Co Dividend Payout Ratio Historical Data

The historical data trend for Weihai Tiangang Instrument 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.

* Premium members only.

Weihai Tiangang Instrument Co Dividend Payout Ratio Chart

Weihai Tiangang Instrument Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dividend Payout Ratio

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Weihai Tiangang Instrument Co Quarterly Data
	Jun18	Dec18	Jun19	Sep19	Dec19	Jun20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Dividend Payout Ratio	Get a 7-Day Free Trial															-	1.87	-	-	3.04

Competitive Comparison of Weihai Tiangang Instrument Co's Dividend Payout Ratio

For the Scientific & Technical Instruments subindustry, Weihai Tiangang Instrument 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.

Weihai Tiangang Instrument Co's Dividend Payout Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Weihai Tiangang Instrument Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Weihai Tiangang Instrument Co's Dividend Payout Ratio falls into.

Weihai Tiangang Instrument Co Dividend Payout Ratio Calculation

Weihai Tiangang Instrument Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2022 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2022 )	/	EPS without NRI (A: Dec. 2022 )
	=	0	/	1.162
	=	0.00

Weihai Tiangang Instrument Co's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2024 )	/	EPS without NRI (Q: Jun. 2024 )
	=	0.7	/	0.23
	=	3.04

Weihai Tiangang Instrument Co (BJSE:832651) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

Weihai Tiangang Instrument Co Dividend Payout Ratio Related Terms

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

Weihai Tiangang Instrument Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Weihai Tiangang Instrument Co Ltd (BJSE:832651) » Definitions » Dividend Payout Ratio

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Traded in Other Exchanges

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Address

No. 28-1, Hengrui Street, Weihai High-tech Industrial Development Zone, Huancui District, Shandong Province, Weihai City, CHN, 264200

Website

http://www.plou.cn

Weihai Tiangang Instrument Co Ltd engages in research and development, production, and sales of IoT ultrasonic measuring instruments such as ultrasonic heat meters, ultrasonic flow sensors, data transmission products, and ultrasonic water meters.

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