If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Cheng Shin Rubber Industry Co Ltd is 0.73, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Cheng Shin Rubber Industry Co was 1.75. The lowest was 0.23. And the median was 0.75.
During the past 12 months, Cheng Shin Rubber Industry Co's average Dividends Per Share Growth Rate was 16.70% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 2.90% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was -15.50% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -4.90% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Cheng Shin Rubber Industry Co was 45.70% per year. The lowest was -30.70% per year. And the median was 24.60% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Cheng Shin Rubber Industry Co 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.
Cheng Shin Rubber Industry Co Dividend Yield % Chart
Competitive Comparison of Cheng Shin Rubber Industry Co's Dividend Yield %
For the Auto Parts subindustry, Cheng Shin Rubber Industry 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.
Cheng Shin Rubber Industry Co's Dividend Yield % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Cheng Shin Rubber Industry Co's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Cheng Shin Rubber Industry Co's Dividend Yield % falls into.
Cheng Shin Rubber Industry Co Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Cheng Shin Rubber Industry Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
TWD 2.000000
2024-06-05
2024-06-06
2024-07-10
Cash Dividend
annually
TWD:TWD 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.
Cheng Shin Rubber Industry Co (TPE:2105) 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.
Cheng Shin Rubber Industry Co Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Cheng Shin Rubber Industry Co's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Cheng Shin Rubber Industry Co (TPE:2105) Business Description
Cheng Shin Rubber Industry Co Ltd makes and sells rubber tires under the CST brand name. The company also sells rubber inner tubes and other rubber products. It includes the Processing, manufacturing, and trading of bicycle tires, electrical vehicle tires, reclaimed rubber, various rubbers, resin, and other rubber products and the manufacturing and trading of various rubber products and relevant rubber machinery. The main sources of sales revenue are from the assembly plants and dealers. Its geographical segments are Taiwan, China, the United States, and Others.
Cheng Shin Rubber Industry Co (TPE:2105) Headlines
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