If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Zhejiang Red Dragonfly Footwear Co Ltd is 3.30, which seems too high.
During the past 12 months, Zhejiang Red Dragonfly Footwear Co's average Dividends Per Share Growth Rate was 40.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 24.80% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 7.10% 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.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Zhejiang Red Dragonfly Footwear Co was 46.70% per year. The lowest was -1.90% per year. And the median was 11.60% per year.
For more information regarding to dividend, please check our Dividend Page.
Zhejiang Red Dragonfly Footwear Co Dividends per Share 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.
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Zhejiang Red Dragonfly Footwear Co Dividends per Share Chart
Competitive Comparison of Zhejiang Red Dragonfly Footwear Co's Dividends per Share
For the Footwear & Accessories subindustry, Zhejiang Red Dragonfly Footwear 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.
Zhejiang Red Dragonfly Footwear Co's Dividend Yield % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Zhejiang Red Dragonfly Footwear Co's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Zhejiang Red Dragonfly Footwear Co's Dividend Yield % falls into.
Zhejiang Red Dragonfly Footwear Co Dividends per Share Calculation
Dividends paid to per common share.
Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Dividends per Share Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Zhejiang Red Dragonfly Footwear 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 Zhejiang Red Dragonfly Footwear Co was 18.00. The lowest was 0.14. And the median was 1.64.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Zhejiang Red Dragonfly Footwear Co Ltd is 3.30, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Zhejiang Red Dragonfly Footwear Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CNY 0.350000
2023-07-07
2023-07-06
2023-07-07
Cash Dividend
annually
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.
Zhejiang Red Dragonfly Footwear Co's Dividend Yield (%) for Today is calculated as
Current Share Price is ¥4.90.
Zhejiang Red Dragonfly Footwear Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is ¥0.35.
During the past 13 years, the highest Dividend Yield of Zhejiang Red Dragonfly Footwear Co was 8.06%. The lowest was 0.32%. And the median was 3.27%.
* 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.
Zhejiang Red Dragonfly Footwear Co Dividends per Share Related Terms
Thank you for viewing the detailed overview of Zhejiang Red Dragonfly Footwear Co's Dividends per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhejiang Red Dragonfly Footwear Co (SHSE:603116) Business Description
Zhejiang Red Dragonfly Footwear Co Ltd is engaged in research and development, production and sale of Red Dragonfly brand shoes and leather goods, clothing and other industry. The company main products include men's and women's shoes, children's shoes and apparels, leather belts, wallets, and leather handbags, among others.
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