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Yongxing Special Materials Technology Co (SZSE:002756) Dividend Yield % : 6.80% (As of Jun. 08, 2024)


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What is Yongxing Special Materials Technology Co Dividend Yield %?

As of today (2024-06-08), the Trailing Annual Dividend Yield of Yongxing Special Materials Technology Co is 6.80%.

The historical rank and industry rank for Yongxing Special Materials Technology Co's Dividend Yield % or its related term are showing as below:

SZSE:002756' s Dividend Yield % Range Over the Past 10 Years
Min: 0.16   Med: 0.59   Max: 13.95
Current: 6.8

During the past 13 years, the highest Dividend Yield of Yongxing Special Materials Technology Co was 13.95%. The lowest was 0.16%. And the median was 0.59%.

SZSE:002756's Dividend Yield % is ranked better than
89.74% of 351 companies
in the Steel industry
Industry Median: 2.91 vs SZSE:002756: 6.80

Yongxing Special Materials Technology Co's Dividend Payout Ratio for the three 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 Yongxing Special Materials Technology Co Ltd is 1.09, which seems too high.

During the past 13 years, the highest Dividend Payout Ratio of Yongxing Special Materials Technology Co was 2.22. The lowest was 0.03. And the median was 0.54.

As of today (2024-06-08), the Forward Dividend Yield % of Yongxing Special Materials Technology Co is 6.80%.

Yongxing Special Materials Technology Co's Dividends per Share for the three months ended in Mar. 2024 was ¥0.00.

During the past 12 months, Yongxing Special Materials Technology Co's average Dividends Per Share Growth Rate was 1458.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 157.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 25.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Yongxing Special Materials Technology Co was 157.60% per year. The lowest was -32.40% per year. And the median was 52.00% per year.

The growth rate is calculated with least square regression.

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


Yongxing Special Materials Technology Co Dividend Yield % Historical Data

The historical data trend for Yongxing Special Materials Technology Co's Dividend Yield % 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.

* Premium members only.

Yongxing Special Materials Technology Co Dividend Yield % Chart

Yongxing Special Materials Technology Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.56 0.84 0.21 0.53 11.49

Yongxing Special Materials Technology Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % 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 0.60 7.99 13.21 11.49 12.57

Competitive Comparison of Yongxing Special Materials Technology Co's Dividend Yield %

For the Steel subindustry, Yongxing Special Materials Technology Co'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.


Yongxing Special Materials Technology Co's Dividend Yield % Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Yongxing Special Materials Technology Co's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Yongxing Special Materials Technology Co's Dividend Yield % falls into.



Yongxing Special Materials Technology Co Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Yongxing Special Materials Technology Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CNY 2.0000002024-05-302024-05-292024-05-30Cash Dividendsemi-annuallyCNY:CNY 1.000000
CNY 1.0000002023-09-272023-09-262023-09-27Cash Dividendsemi-annuallyCNY: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.

Yongxing Special Materials Technology Co's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=3/43.58
=6.88 %

Current Share Price is ¥43.58.
Yongxing Special Materials Technology Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is ¥3.

Yongxing Special Materials Technology Co's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=4/43.58
=9.18 %

Current Share Price is ¥43.58.
Yongxing Special Materials Technology Co's Dividends per Share for the forward twelve months is calculated as ¥2 * 2 = ¥4.

* 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.


Yongxing Special Materials Technology Co  (SZSE:002756) 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Yongxing Special Materials Technology Co Dividend Yield % Related Terms

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Yongxing Special Materials Technology Co (SZSE:002756) Business Description

Traded in Other Exchanges
N/A
Address
Yangjiabu, Zhejiang province, Huzhou, CHN, 313005
Yongxing Special Stainless Steel Co Ltd is engaged in the research and development and production of high-quality stainless steel and nickel-based iron-nickel-based alloy rods and wire. The products of the company are mainly used in petrochemicals, high-pressure boilers, nuclear power, equipment manufacturing, aerospace, and other industrial fields. The product portfolio includes - stainless steel bars, stainless steel wire, and special alloy.
Executives
Gao Yi Bin Executives
Yao Guo Hua Executives
Zou Wei Min Director
Xu Feng Directors, executives
Gu Jian Qiang Director
Deng Qian Wen Executives
Gao Xing Jiang Directors, executives
Qiu Jian Rong Directors, executives
Yang Hui Director
Zhou Gui Rong Director
Shen Hui Yu Supervisors
Xu Fa Gen Supervisors
Li Zheng Zhou Director
Li De Chun Director

Yongxing Special Materials Technology Co (SZSE:002756) Headlines

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