Ningbo United Group Co (SHSE:600051) Dividend Payout Ratio: 2.07 (As of Jun. 2026) — 547% Above Median

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SHSE:600051 Ningbo United Group Co Ltd SHSE:600051
48 GF Score
Price ¥6.39
GF Value ¥3.90
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Ningbo United Group Co Dividend Payout Ratio?

Ningbo United Group Co SHSE:600051 +1.11% 48 Dividend Payout Ratio is 2.07 as of Jun. 2026, which is 547% above its 10-year median of 0.32. GuruFocus rates SHSE:600051 with a GF Score™ of 48/100 and a GF Value™ of ¥3.90 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 96 Industrial Distribution companies, Ningbo United Group Co ranks better than 75% on this metric.

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. Ningbo United Group Co's Dividend Payout Ratio for the months ended in Jun. 2026 was 2.07.

The historical rank and industry rank for Ningbo United Group Co's Dividend Payout Ratio or its related term are showing as below:

SHSE:600051' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.32   Max: 1.44
Current: 0.26

During the past 13 years, the highest Dividend Payout Ratio of Ningbo United Group Co was 1.44. The lowest was 0.18. And the median was 0.32.

SHSE:600051's Dividend Payout Ratio is ranked better than
75% of 96 companies
in the Industrial Distribution industry
Industry Median: 0.385 vs SHSE:600051: 0.26

As of today (2026-08-28), the Dividend Yield % of Ningbo United Group Co is 0.95%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Ningbo United Group Co was 3.22%. The lowest was 0.58%. And the median was 1.76%.

Ningbo United Group Co's Dividends per Share for the months ended in Jun. 2026 was ¥0.06.

During the past 12 months, Ningbo United Group Co's average Dividends Per Share Growth Rate was -50.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -10.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Ningbo United Group Co was 115.40% per year. The lowest was -41.50% per year. And the median was 0.00% per year.

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.

Ningbo United Group Co (SHSE:600051) 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.

Ningbo United Group Co Dividend Payout Ratio Related Terms

Ningbo United Group Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Ningbo United Group 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.

Ningbo United Group Co Dividend Payout Ratio Chart

Ningbo United Group Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.34 0.29 0.38 0.60 0.92

Ningbo United Group Co Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.46 0.00 0.00 0.00 2.07

SHSE:600051 vs GWW, FAST, FERG: Dividend Payout Ratio Comparison

For the Industrial Distribution subindustry, Ningbo United Group 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.

Ningbo United Group Co Dividend Payout Ratio vs Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Ningbo United Group Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Ningbo United Group Co's Dividend Payout Ratio falls into.


SHSE:600051
48GF Score
Ningbo United Group Co Ltd SHSE:600051
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ningbo United Group Co Dividend Payout Ratio Calculation

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.

Ningbo United Group Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.12/ 0.13
=0.92

Ningbo United Group Co's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2026 )/ EPS without NRI (Q: Jun. 2026 )
=0.06/ 0.029
=2.07

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 2.07 mean?
Ningbo United Group Co (SHSE:600051) has a Dividend Payout Ratio of 2.07 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Ningbo United Group Co and its competitors. This is 547% above median its historical median of 0.32. Over the past decade, Ningbo United Group Co's Dividend Payout Ratio has ranged from 0.18 to 1.44. According to the industry distribution chart, Ningbo United Group Co ranks #24 out of 96 companies in the Industrial Distribution industry, placing it in the top 25%.
Is Ningbo United Group Co's Dividend Payout Ratio too high?
Ningbo United Group Co's current Dividend Payout Ratio of 2.07 is 547% above median its 10-year median of 0.32. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 1.44. The Industrial Distribution industry median Dividend Payout Ratio is 0.39. Ningbo United Group Co's value of 2.07 is 437.7% above this industry median. Based on the distribution chart, Ningbo United Group Co ranks #24 out of 96 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Ningbo United Group Co has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ningbo United Group Co's Dividend Payout Ratio compare to GWW and FAST?
According to the Industrial Distribution industry distribution chart, Ningbo United Group Co ranks #24 out of 96 companies for Dividend Payout Ratio. This places Ningbo United Group Co in the top 25% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.39. Ningbo United Group Co's value of 2.07 is 437.7% above this benchmark. Historically, Ningbo United Group Co's own Dividend Payout Ratio has ranged from 0.18 to 1.44 over the past decade. While the company's 10-year median is 0.32 vs. the industry median of 0.39, Ningbo United Group Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Industrial Distribution company?
The median Dividend Payout Ratio among Industrial Distribution companies is 0.39, based on 96 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ningbo United Group Co's current Dividend Payout Ratio of 2.07 is 437.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Ningbo United Group Co and its competitors. For the Industrial Distribution industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ningbo United Group Co's current Dividend Payout Ratio is 2.07, which is 547% above median its own 10-year median of 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ningbo United Group Co stock overvalued right now?
Based on GuruFocus' analysis, Ningbo United Group Co (SHSE:600051) is currently considered Significantly Overvalued. The stock's GF Value™ is ¥3.90, compared to a current price of ¥6.39 — trading 63.8% above its estimated fair value. The current Dividend Payout Ratio is 2.07, which is 547% above median its 10-year median of 0.32 and 437.7% above the Industrial Distribution industry median of 0.39. Ningbo United Group Co's overall GF Score™ is 48/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Ningbo United Group Co (SHSE:600051), the current Dividend Payout Ratio is 2.07 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ningbo United Group Co (SHSE:600051) Overvalued in 2026?

Based on GuruFocus' analysis, Ningbo United Group Co stock appears to be overvalued. The current stock price of ¥6.39 is trading 63.8% above its estimated GF Value™ of ¥3.90. GuruFocus considers Ningbo United Group Co to be Significantly Overvalued.

Key valuation signals for SHSE:600051:

  • Dividend Payout Ratio: 2.07 (547% above median its 10-year median of 0.32)
  • GF Value™: ¥3.90 vs. price of ¥6.39 (63.8% above fair value)
  • GF Score™: 48/100 with 9 warning signs
  • Industry Position: 437.7% above the Industrial Distribution median (#24 of 96)

No single metric tells the full story. See the SHSE:600051 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ningbo United Group Co Business Description

Address United Building No. 1 Donghai Road, Economic Development Zone, Zhejiang Province, Ningbo, CHN, 315803
Ningbo United Group Co Ltd is engaged in the development, manufacturing of energy, transportation, communications, municipal infrastructure, environmental protection equipment, instruments, general machinery, and electrical products.
48GF Score

Get the complete analysis for SHSE:600051

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥6.39
Price
¥3.90
GF Value