The historical rank and industry rank for Tongwei Co's 3-Year Dividend Growth Rate or its related term are showing as below:
SHSE:600438'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -18.9 Med: 32.5 Max: 148.6
Current: 148.6
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tongwei Co was 148.60% per year. The lowest was -18.90% per year. And the median was 32.50% per year.
SHSE:600438's 3-Year Dividend Growth Rate is ranked better than 99.4% of 664
companies
in the Consumer Packaged Goods industry
Industry Median: 7.7
vs SHSE:600438: 148.60
During the past 12 months, Tongwei Co's average Dividends Per Share Growth Rate was 213.40% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 148.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 76.50% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 35.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tongwei Co Ltd is 1.34, which seems too high.
Good Sign:
Tongwei Co Ltd stock dividend yield is close to 10-year high.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison of Tongwei Co's 3-Year Dividend Growth Rate
For the Farm Products subindustry, Tongwei Co's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.
Tongwei Co's 3-Year Dividend Growth Rate Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tongwei Co's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Tongwei Co's 3-Year Dividend Growth Rate falls into.
Tongwei Co 3-Year Dividend Growth Rate Calculation
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
Tongwei Co (SHSE:600438) 3-Year Dividend Growth Rate Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Tongwei Co's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as
During the past 13 years, the highest Dividend Payout Ratio of Tongwei Co was 1.34. The lowest was 0.13. And the median was 0.30.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Tongwei Co Ltd is 1.34, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Tongwei Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CNY 2.858000
2023-05-31
2023-05-30
2023-05-31
Cash Dividend
annually
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.
Tongwei Co's Dividend Yield (%) for Today is calculated as
Current Share Price is ¥22.33.
Tongwei Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is ¥2.858.
During the past 13 years, the highest Dividend Yield of Tongwei Co was 13.18%. The lowest was 0.34%. And the median was 1.22%.
Good Sign:
Tongwei Co Ltd stock dividend yield is close to 10-year high.
* 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.
Tongwei Co 3-Year Dividend Growth Rate Related Terms>
Tongwei is the largest polysilicon producer in the world. It produced 266.9 thousand metric tons of polysilicon in 2022, accounting for 32% of total production in China. Polysilicon contributed 43% of revenue and 85% of gross profit in 2022. Tongwei is also the largest solar cell producer in the world.
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