The historical rank and industry rank for MingYang Smart Energy Group's Dividend Yield % or its related term are showing as below:
SHSE:601615'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.31 Med: 0.81 Max: 3.64
Current: 3.11
During the past 13 years, the highest Dividend Yield of MingYang Smart Energy Group was 3.64%. The lowest was 0.31%. And the median was 0.81%.
SHSE:601615's Dividend Yield % is ranked better than 67.35% of 1942
companies
in the Industrial Products industry
Industry Median: 2.02
vs SHSE:601615: 3.11
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of MingYang Smart Energy Group Ltd is 1.72, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of MingYang Smart Energy Group was 3.38. The lowest was 0.07. And the median was 0.12.
During the past 3 years, the average Dividends Per Share Growth Rate was 57.40% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of MingYang Smart Energy Group was 57.40% per year. The lowest was 56.20% per year. And the median was 56.80% 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.
MingYang Smart Energy Group Dividend Yield % 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.
MingYang Smart Energy Group Dividend Yield % Chart
Competitive Comparison of MingYang Smart Energy Group's Dividend Yield %
For the Specialty Industrial Machinery subindustry, MingYang Smart Energy Group's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
MingYang Smart Energy Group's Dividend Yield % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, MingYang Smart Energy Group's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where MingYang Smart Energy Group's Dividend Yield % falls into.
MingYang Smart Energy Group Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
MingYang Smart Energy Group Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CNY 0.304100
2024-07-05
2024-07-04
2024-07-05
Cash Dividend
annually
CNY:CNY 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* 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.
MingYang Smart Energy Group (SHSE:601615) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
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.
MingYang Smart Energy Group Dividend Yield % Related Terms
Thank you for viewing the detailed overview of MingYang Smart Energy Group's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
MingYang Smart Energy Group Ltd is a wind turbine manufacturer, that provides accessible green and smart energy, and a full lifecycle renewable solutions provider. The Group's business is divided into three segments: wind turbine manufacturing and sales, wind and solar farm development and operation, and other renewable energy services.
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