SZSE:300421'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.37 Med: 1.23 Max: 5.86
Current: 2.36
During the past 13 years, the highest Dividend Yield of Jiangsu LiXing General Steel Ball Co was 5.86%. The lowest was 0.37%. And the median was 1.23%.
SZSE:300421's Dividend Yield % is ranked worse than 54.7% of 351
companies
in the Steel industry
Industry Median: 2.88
vs SZSE:300421: 2.36
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Jiangsu LiXing General Steel Ball Co Ltd is 1.66, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Jiangsu LiXing General Steel Ball Co was 1.79. The lowest was 0.31. And the median was 0.76.
During the past 12 months, Jiangsu LiXing General Steel Ball Co's average Dividends Per Share Growth Rate was 180.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 61.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 1.80% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Jiangsu LiXing General Steel Ball Co was 61.60% per year. The lowest was -31.00% per year. And the median was -3.10% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Jiangsu LiXing General Steel Ball 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.
Jiangsu LiXing General Steel Ball Co Dividend Yield % Chart
Competitive Comparison of Jiangsu LiXing General Steel Ball Co's Dividend Yield %
For the Steel subindustry, Jiangsu LiXing General Steel Ball 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.
Jiangsu LiXing General Steel Ball Co's Dividend Yield % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Jiangsu LiXing General Steel Ball Co's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Jiangsu LiXing General Steel Ball Co's Dividend Yield % falls into.
Jiangsu LiXing General Steel Ball Co Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Jiangsu LiXing General Steel Ball Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CNY 0.250000
2023-11-10
2023-11-09
2023-11-10
Cash Dividend
quarterly
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.
Jiangsu LiXing General Steel Ball Co (SZSE:300421) 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.
Jiangsu LiXing General Steel Ball Co Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Jiangsu LiXing General Steel Ball Co's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Jiangsu LiXing General Steel Ball Co (SZSE:300421) Business Description
Jiangsu LiXing General Steel Ball Co Ltd is engaged in manufacturing of mechanical basic parts and auto parts. Its main products are high-precision bearing steel ball, precision non-sound steel ball, high-grade car special precision bearing steel ball, high-grade car wheel special steel ball, wind power generation special steel Balls.
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