Guangdong Zhongnan Iron & Steel dividend yield – Guangdong Zhongnan Iron & Steel Co Ltd Announces 0.03 Cash Dividend

🌥️Dividends Yield

On June 5, 2023, Guangdong Zhongnan Iron & Steel ($SZSE:000717) Co Ltd announced a 0.03 cash dividend per share. For the past three years, GUANGDONG ZHONGNAN IRON & STEEL has consistently offered a dividend of 0.2 CNY per share. This dividend yield has been estimated to be 5.33%, 5.33%, and 4.02% for the years 2021, 2022, and 2023 respectively. With an average dividend yield of 4.89%, it may be worth considering if you are looking for dividend stocks.

The ex-dividend date for GUANGDONG ZHONGNAN IRON & STEEL is set for June 9, 2023. Investors should take this into consideration when deciding whether or not to invest in this company. By taking advantage of the dividend offered, investors may potentially increase their returns over time.

Market Price

This news was welcomed by investors as GZIS stock opened at CNY2.9 and closed at CNY3.0, up by 2.8% from the previous closing price of CNY2.9. The dividend announcement was further supported by a higher closing price, indicating that investors were encouraged by the news and subsequently bought more of the company’s stock. This dividend announcement is the latest in a series of positive news from GZIS, which has seen its market price steadily increase over the past few months. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Guangdong Zhongnan Iron & Steel. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Guangdong Zhongnan Iron & Steel. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Guangdong Zhongnan Iron & Steel. More…

Key Ratios Snapshot

Some of the financial key ratios for Guangdong Zhongnan Iron & Steel are shown below. More…

Analysis

GoodWhale conducted an analysis of GUANGDONG ZHONGNAN IRON & STEEL’s wellbeing, using the Star Chart metric. We found that the company had a high health score of 7/10, indicating strong cashflows and debt capacity. When assessing the company’s performance in terms of growth, asset, dividend, and profitability, we gave them a strong rating for growth, and a medium rating for the other three categories. This led us to classify them as a ‘rhino’ – a company that has achieved moderate revenue or earnings growth. Given this assessment, this company may be of interest to investors who are looking for a moderately growing company with strong cashflows and debt capacity. They may also be attractive to those looking for an investment with both growth and income potential. More…

Peers

The competition between Guangdong Zhongnan Iron & Steel Co Ltd and its competitors Chongqing Iron & Steel Co Ltd, Jiangsu Shagang Co Ltd, and Da Ming International Holdings Ltd is fierce, with each company vying for a larger share of the market. All four of these companies have distinguished themselves as leaders in the iron and steel industry, striving to create new and innovative products that can meet the increasing demands of their customers. This intense competition has made for an exciting and dynamic market.

– Chongqing Iron & Steel Co Ltd ($SHSE:601005)

Chongqing Iron & Steel Co Ltd is a Chinese steel manufacturing company based in Chongqing, China, that produces a variety of steel products for both domestic and international use. The company has a current market capitalization of 12.38 billion dollars as of 2023, which indicates a strong financial position. Additionally, the company has a Return on Equity (ROE) of -4.74%, which suggests that the company has been generating losses in its operations. Despite this, the company’s market cap is still attractive to investors.

– Jiangsu Shagang Co Ltd ($SZSE:002075)

Jiangsu Shagang Co Ltd is a Chinese steel manufacturing enterprise, with its main production base located in Zhangjiagang City, Jiangsu Province. As of 2023, the company has a market cap of 8.83 billion US dollars and a Return on Equity (ROE) of 5.72%. The market cap reflects the total value of the company’s outstanding shares while the ROE indicates how well the company is performing in terms of using a company’s shareholder funds to generate profit. Jiangsu Shagang Co Ltd is one of the leading steel producers in China and plays an important role in the country’s steel industry. It is also one of the largest steel exporters in the world.

– Da Ming International Holdings Ltd ($SEHK:01090)

Da Ming International Holdings Ltd is a Hong Kong-based company that specializes in the production and distribution of construction materials and building products. The company’s market capitalization as of 2023 stands at 2.12 billion, indicating a healthy level of investor confidence in the company’s financial position and prospects. Furthermore, Da Ming International Holdings Ltd has achieved a respectable Return on Equity of 1.54%, demonstrating that their management team is generating returns from the company’s investments and capital expenditures.

Summary

Investing in GUANGDONG ZHONGNAN IRON & STEEL may be worth considering for dividend investors as the company has a consistently paid dividend of 0.2 CNY per share over the past 3 years. The resulting dividend yields from 2021 to 2023 are estimated to be 5.33%, 5.33%, and 4.02%, respectively, with an average yield of 4.89%. This could be a solid dividend opportunity to add to an investor’s portfolio.