What is Red Avenue New Materials Group 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. Red Avenue New Materials Group Co's Dividend Payout Ratio for the
months ended in Sep. 2024 was 0.00.
The historical rank and industry rank for Red Avenue New Materials Group Co's Dividend Payout Ratio or its related term are showing as below:
SHSE:603650'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12 Med: 0.52 Max: 0.81
Current: 0.62
During the past 10 years, the highest Dividend Payout Ratio of Red Avenue New Materials Group Co was 0.81. The lowest was 0.12. And the median was 0.52.
SHSE:603650's Dividend Payout Ratio is ranked worse than 75.85% of 915
companies
in the Chemicals industry
Industry Median: 0.36
vs SHSE:603650: 0.62
During the past 10 years, the highest Trailing Annual Dividend Yield of Red Avenue New Materials Group Co was 2.72%. The lowest was 0.21%. And the median was 0.87%.
During the past 12 months, Red Avenue New Materials Group Co's average Dividends Per Share Growth Rate was 637.50% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was -37.60% per year.
During the past 10 years, the highest 3-Year average Dividends Per Share Growth Rate of Red Avenue New Materials Group Co was -35.80% per year. The lowest was -37.60% per year. And the median was -36.70% 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.
Red Avenue New Materials Group Co Dividend Payout Ratio 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.
Red Avenue New Materials Group Co Dividend Payout Ratio Chart
Competitive Comparison of Red Avenue New Materials Group Co's Dividend Payout Ratio
For the Specialty Chemicals subindustry, Red Avenue New Materials 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.
Red Avenue New Materials Group Co's Dividend Payout Ratio Distribution in the Chemicals Industry
For the Chemicals industry and Basic Materials sector, Red Avenue New Materials Group Co's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Red Avenue New Materials Group Co's Dividend Payout Ratio falls into.
Red Avenue New Materials 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.
* 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.
Red Avenue New Materials Group Co (SHSE:603650) 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.
Red Avenue New Materials Group Co Dividend Payout Ratio Related Terms
Thank you for viewing the detailed overview of Red Avenue New Materials Group Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Red Avenue New Materials Group Co Business Description
Red Avenue New Materials Group Co Ltd is a China-based company engages in the manufacture and sale of chemical products. The company produces rubber and plastic chemical additives and other products. The products manufactured by the company include polyethylene glycol, silica, alkylphenol disulfides, and cobalt neodecanoate. Its main products are phenolic resins for rubber, including tackifying resins, reinforcing resins and adhesive resins.
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