Qingdao NovelBeam Technology Co (SHSE:688677) Dividend Payout Ratio : 0.00 (As of Mar. 2024)

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What is Qingdao NovelBeam Technology Co Dividend Payout Ratio?

Qingdao NovelBeam Technology 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 Qingdao NovelBeam Technology Co Ltd is 0.71, which seems too high.

The historical rank and industry rank for Qingdao NovelBeam Technology Co's Dividend Payout Ratio or its related term are showing as below:

SHSE:688677' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.36 Max: 0.71
Current: 0.71

During the past 9 years, the highest Dividend Payout Ratio of Qingdao NovelBeam Technology Co was 0.71. The lowest was 0.21. And the median was 0.36.

SHSE:688677's Dividend Payout Ratio is ranked worse than
73.38% of 278 companies
in the Medical Devices & Instruments industry
Industry Median: 0.43 vs SHSE:688677: 0.71

As of today (2024-05-25), the Dividend Yield % of Qingdao NovelBeam Technology Co is 1.77%.

During the past 9 years, the highest Trailing Annual Dividend Yield of Qingdao NovelBeam Technology Co was 1.98%. The lowest was 0.29%. And the median was 0.45%.

Qingdao NovelBeam Technology Co's Dividends per Share for the months ended in Mar. 2024 was ¥0.00.

During the past 12 months, Qingdao NovelBeam Technology Co's average Dividends Per Share Growth Rate was 173.00% per year.

The growth rate is calculated with least square regression.

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

Qingdao NovelBeam Technology Co Dividend Payout Ratio Historical Data

The historical data trend for Qingdao NovelBeam Technology 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.

* Premium members only.

Qingdao NovelBeam Technology Co Dividend Payout Ratio Chart

Qingdao NovelBeam Technology Co Annual Data

Trend

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.36

0.21

0.71

Qingdao NovelBeam Technology Co Quarterly Data
	Dec18	Sep19	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															-	2.45	-	-	-

Competitive Comparison of Qingdao NovelBeam Technology Co's Dividend Payout Ratio

For the Medical Instruments & Supplies subindustry, Qingdao NovelBeam Technology 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.

Qingdao NovelBeam Technology Co's Dividend Payout Ratio Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Qingdao NovelBeam Technology Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Qingdao NovelBeam Technology Co's Dividend Payout Ratio falls into.

Qingdao NovelBeam Technology Co Dividend Payout Ratio Calculation

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

Qingdao NovelBeam Technology 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 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.8	/	1.12
	=	0.71

Qingdao NovelBeam Technology 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	/	0.33
	=	0.00

Qingdao NovelBeam Technology Co (SHSE:688677) 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.

Qingdao NovelBeam Technology Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Qingdao NovelBeam Technology Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Qingdao NovelBeam Technology Co (SHSE:688677) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Qingdao NovelBeam Technology Co Ltd (SHSE:688677) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 100, Weisi Road, Keyuan, Laoshan District, Shandong Province, Qingdao, CHN, 266100

Website

http://www.novelbeam.com

Qingdao NovelBeam Technology Co Ltd is engaged in the research and development, production and sales of medical endoscope equipment and optical products. The product portfolio of the group includes Endoscope, Camera coupler, Camera lens, Medical optics, Biometrics and others.

Executives

Wang Fang Hua	senior management
Mao Rong Zhuang	Core technical personnel
Zheng Jin Lan	Supervisors

Qingdao NovelBeam Technology Co (SHSE:688677) Headlines

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