Essence Fastening Systems (Shanghai) Co (SZSE:301005) Dividend Payout Ratio : 0.00 (As of Mar. 2024)

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What is Essence Fastening Systems (Shanghai) Co Dividend Payout Ratio?

Essence Fastening Systems (Shanghai) Co's dividend payout ratio for the months ended in Mar. 2024 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Essence Fastening Systems (Shanghai) Co Ltd is 0.82, which seems too high.

The historical rank and industry rank for Essence Fastening Systems (Shanghai) Co's Dividend Payout Ratio or its related term are showing as below:

SZSE:301005' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.32 Med: 1.09 Max: 1.43
Current: 0.82

During the past 7 years, the highest Dividend Payout Ratio of Essence Fastening Systems (Shanghai) Co was 1.43. The lowest was 0.32. And the median was 1.09.

SZSE:301005's Dividend Payout Ratio is ranked worse than
86.18% of 1664 companies
in the Industrial Products industry
Industry Median: 0.33 vs SZSE:301005: 0.82

As of today (2024-05-15), the Dividend Yield % of Essence Fastening Systems (Shanghai) Co is 0.75%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Essence Fastening Systems (Shanghai) Co was 3.92%. The lowest was 0.71%. And the median was 0.97%.

Essence Fastening Systems (Shanghai) Co's Dividends per Share for the months ended in Mar. 2024 was ¥0.00.

During the past 12 months, Essence Fastening Systems (Shanghai) Co's average Dividends Per Share Growth Rate was -50.00% per year.

The growth rate is calculated with least square regression.

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

Essence Fastening Systems (Shanghai) Co Dividend Payout Ratio Historical Data

The historical data trend for Essence Fastening Systems (Shanghai) 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.

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Essence Fastening Systems (Shanghai) Co Dividend Payout Ratio Chart

Essence Fastening Systems (Shanghai) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.32

1.43

1.09

Essence Fastening Systems (Shanghai) Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															-	5.21	-	-	-

Competitive Comparison of Essence Fastening Systems (Shanghai) Co's Dividend Payout Ratio

For the Tools & Accessories subindustry, Essence Fastening Systems (Shanghai) 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.

Essence Fastening Systems (Shanghai) Co's Dividend Payout Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Essence Fastening Systems (Shanghai) Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Essence Fastening Systems (Shanghai) Co's Dividend Payout Ratio falls into.

Essence Fastening Systems (Shanghai) Co Dividend Payout Ratio Calculation

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

Essence Fastening Systems (Shanghai) Co'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 )	/	Earnings per Share (Diluted) (A: Dec. 2023 )
	=	0.25	/	0.23
	=	1.09

Essence Fastening Systems (Shanghai) Co's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0	/	0.124
	=	0.00

Essence Fastening Systems (Shanghai) Co (SZSE:301005) 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.

Essence Fastening Systems (Shanghai) Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Essence Fastening Systems (Shanghai) Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Essence Fastening Systems (Shanghai) Co (SZSE:301005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Essence Fastening Systems (Shanghai) Co Ltd (SZSE:301005) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 39, Lane 100, Fengshuo Road, Jiading District, Shanghai, CHN, 201822

Website

http://www.shchaojie.com.cn

Essence Fastening Systems (Shanghai) Co Ltd is engaged in the research and development, production, and sales of high-strength precision fasteners, special-shaped connectors, and other products.

Essence Fastening Systems (Shanghai) Co (SZSE:301005) Headlines

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