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Ganfeng Lithium Group Co (SZSE:002460) Dividend Yield % : 2.84% (As of May. 02, 2024)


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What is Ganfeng Lithium Group Co Dividend Yield %?

As of today (2024-05-02), the Trailing Annual Dividend Yield of Ganfeng Lithium Group Co is 2.84%.

Good Sign:

Ganfeng Lithium Group Co Ltd stock dividend yield is close to 10-year high.

The historical rank and industry rank for Ganfeng Lithium Group Co's Dividend Yield % or its related term are showing as below:

SZSE:002460' s Dividend Yield % Range Over the Past 10 Years
Min: 0.11   Med: 0.39   Max: 3.02
Current: 2.84

During the past 13 years, the highest Dividend Yield of Ganfeng Lithium Group Co was 3.02%. The lowest was 0.11%. And the median was 0.39%.

SZSE:002460's Dividend Yield % is ranked better than
62.07% of 1052 companies
in the Chemicals industry
Industry Median: 1.98 vs SZSE:002460: 2.84

Ganfeng Lithium Group Co's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.00.

During the past 13 years, the highest Dividend Payout Ratio of Ganfeng Lithium Group Co was 0.97. The lowest was 0.03. And the median was 0.30.

As of today (2024-05-02), the Forward Dividend Yield % of Ganfeng Lithium Group Co is 2.84%.

Ganfeng Lithium Group Co's Dividends per Share for the three months ended in Dec. 2023 was ¥0.00.

During the past 12 months, Ganfeng Lithium Group Co's average Dividends Per Share Growth Rate was 233.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 67.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 30.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 45.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Ganfeng Lithium Group Co was 99.30% per year. The lowest was -17.50% per year. And the median was 38.70% per year.

The growth rate is calculated with least square regression.

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


Ganfeng Lithium Group Co Dividend Yield % Historical Data

The historical data trend for Ganfeng Lithium Group Co's Dividend Yield % 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.

Ganfeng Lithium Group Co Dividend Yield % Chart

Ganfeng Lithium Group Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.86 0.30 0.21 0.42 2.34

Ganfeng Lithium Group Co Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.42 0.45 0.49 2.24 2.34

Competitive Comparison of Ganfeng Lithium Group Co's Dividend Yield %

For the Chemicals subindustry, Ganfeng Lithium Group 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.


Ganfeng Lithium Group Co's Dividend Yield % Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Ganfeng Lithium Group Co's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Ganfeng Lithium Group Co's Dividend Yield % falls into.



Ganfeng Lithium Group Co Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Ganfeng Lithium Group Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CNY 1.0000002023-07-122023-07-112023-07-12Cash DividendannuallyCNY: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.

Ganfeng Lithium Group Co's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1/35.26
=2.84 %

Current Share Price is ¥35.26.
Ganfeng Lithium Group Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is ¥1.

Ganfeng Lithium Group Co's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1/35.26
=2.84 %

Current Share Price is ¥35.26.
Ganfeng Lithium Group Co's Dividends per Share for the forward twelve months is calculated as ¥1 * 1 = ¥1.

* 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.


Ganfeng Lithium Group Co  (SZSE:002460) 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Ganfeng Lithium Group Co Dividend Yield % Related Terms

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Ganfeng Lithium Group Co (SZSE:002460) Business Description

Traded in Other Exchanges
Address
248 Queen’s Road East, 40th Floor, Dah Sing Financial Centre, Wanchai, Hong Kong, HKG
Founded in 2000, Ganfeng is the world's third largest and China's largest lithium compounds producer and the world's largest lithium metals producer in terms of production capacity. The company offers five major categories of more than 40 lithium compounds and metals products, which is one of the most comprehensive product offerings among the suppliers globally. Starting as a midstream manufacturer of lithium compounds and lithium metals, Ganfeng has successfully expanded into a vertically integrated business model with operations along the critical stages of the industry value chain, including upstream lithium extraction, midstream lithium compounds and metals processing, and downstream lithium battery production and recycling.

Ganfeng Lithium Group Co (SZSE:002460) Headlines

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