Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Dividend Payout Ratio : 0.56 (As of Dec. 2023)

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What is Tianjin Jinrong Tianyu Precision Machinery Dividend Payout Ratio?

Tianjin Jinrong Tianyu Precision Machinery's dividend payout ratio for the months ended in Dec. 2023 was 0.56.

The historical rank and industry rank for Tianjin Jinrong Tianyu Precision Machinery's Dividend Payout Ratio or its related term are showing as below:

SZSE:300988' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.2 Med: 0.41 Max: 0.58
Current: 0.2

During the past 13 years, the highest Dividend Payout Ratio of Tianjin Jinrong Tianyu Precision Machinery was 0.58. The lowest was 0.20. And the median was 0.41.

SZSE:300988's Dividend Payout Ratio is ranked better than
72.5% of 1673 companies
in the Industrial Products industry
Industry Median: 0.32 vs SZSE:300988: 0.20

As of today (2024-04-25), the Dividend Yield % of Tianjin Jinrong Tianyu Precision Machinery is 0.81%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tianjin Jinrong Tianyu Precision Machinery was 2.49%. The lowest was 0.56%. And the median was 1.25%.

Tianjin Jinrong Tianyu Precision Machinery's Dividends per Share for the months ended in Dec. 2023 was ¥0.16.

During the past 12 months, Tianjin Jinrong Tianyu Precision Machinery's average Dividends Per Share Growth Rate was -47.30% per year.

The growth rate is calculated with least square regression.

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

Tianjin Jinrong Tianyu Precision Machinery Dividend Payout Ratio Historical Data

The historical data trend for Tianjin Jinrong Tianyu Precision Machinery'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.

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Tianjin Jinrong Tianyu Precision Machinery Dividend Payout Ratio Chart

Tianjin Jinrong Tianyu Precision Machinery Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.41

0.58

0.25

Tianjin Jinrong Tianyu Precision Machinery Quarterly Data
	Dec18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															-	-	-	-	0.56

Competitive Comparison of Tianjin Jinrong Tianyu Precision Machinery's Dividend Payout Ratio

For the Metal Fabrication subindustry, Tianjin Jinrong Tianyu Precision Machinery'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.

Tianjin Jinrong Tianyu Precision Machinery's Dividend Payout Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tianjin Jinrong Tianyu Precision Machinery's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tianjin Jinrong Tianyu Precision Machinery's Dividend Payout Ratio falls into.

Tianjin Jinrong Tianyu Precision Machinery Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Tianjin Jinrong Tianyu Precision Machinery's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.158	/	0.64
	=	0.25

Tianjin Jinrong Tianyu Precision Machinery's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.158	/	0.283
	=	0.56

Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Dividend Payout Ratio Explanation

In dividends investing, 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.

Tianjin Jinrong Tianyu Precision Machinery Dividend Payout Ratio Related Terms

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Tianjin Jinrong Tianyu Precision Machinery (SZSE:300988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tianjin Jinrong Tianyu Precision Machinery Inc (SZSE:300988) » Definitions » Dividend Payout Ratio

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Traded in Other Exchanges

N/A

Address

No. 3, Haitai Chuangxin 4th Road, Huayuan Industrial Zone, Tianjin, CHN, 300384

Website

http://www.tjjinrong.com

Tianjin Jinrong Tianyu Precision Machinery Co Ltd is engaged in the research and development, production and sales of precision metal molds and related parts.

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