Jiangsu Changbao Steeltube dividend yield – Jiangsu Changbao Steeltube Co Ltd Announces 0.18 Cash Dividend
June 3, 2023
🌥️Dividends Yield
JIANGSU CHANGBAO STEELTUBE ($SZSE:002478) Co Ltd recently announced a cash dividend of 0.18 CNY per share, to be paid out on May 25 2023. This marks the fourth consecutive year in which the company has paid an annual dividend. For the past three years, JIANGSU CHANGBAO STEELTUBE has paid out dividends of 0.08, 0.08 and 0.1 CNY per share respectively. Its dividend yield, from 2021 to 2023, has been 1.87%, 1.87% and 2.38%, averaging out to an impressive yield of 2.04%.
Investors looking for dividend-producing stocks may find JIANGSU CHANGBAO STEELTUBE appealing; the ex-dividend date for this dividend payment is May 17 2023. With its consistent dividend yields and steady payouts, JIANGSU CHANGBAO STEELTUBE may be a good option for those seeking a reliable source of income.
Share Price
Following the announcement, the company’s stock opened at CNY6.9 and closed at CNY6.8, representing a decline of 1.7% from the last closing price of 7.0. This news comes as a welcome surprise to shareholders, who have seen their stock decline over the past few months. The cash dividend is a sign of stability and confidence in the company’s performance and long-term prospects. With this announcement, Jiangsu Changbao Steeltube Co Ltd is sending a clear signal that they are committed to rewarding their shareholders with regular dividends in the foreseeable future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Jiangsu Changbao Steeltube. More…
| Total Revenues | Net Income | Net Margin |
| 6.96k | 630.69 | 10.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Jiangsu Changbao Steeltube. More…
| Operations | Investing | Financing |
| 1.08k | -185.67 | -154.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Jiangsu Changbao Steeltube. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.78k | 2.86k | 5.34 |
Key Ratios Snapshot
Some of the financial key ratios for Jiangsu Changbao Steeltube are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.6% | -0.1% | 10.7% |
| FCF Margin | ROE | ROA |
| 14.8% | 9.9% | 6.0% |
Analysis
At GoodWhale, we have analyzed the fundamentals of JIANGSU CHANGBAO STEELTUBE. We have rated the investment as medium risk in terms of financial and business aspects. According to our Risk Rating, you should take extra caution before investing in this company. We have detected two risk warnings in the income sheet and balance sheet of this company. These warnings may indicate serious issues in the company’s financial position. Therefore, we suggest you register with us and check out the risk warnings to get a full understanding of the risks associated with investing in this company before making any decisions. More…
Peers
All of these companies specialize in producing quality steel tubes to meet the needs of their customers.
– Vallabh Steels Ltd ($BSE:513397)
Vallabh Steels Ltd is a steel manufacturing company based in India. As of 2023, the company has a market cap of 23.02M and a return on equity of 62.91%. This suggests that the company is a successful one and is able to generate an impressive return from its shareholders’ investments relative to their equity. The company manufactures high-quality steel products such as angles, rounds, channels, plates, and sheets. It also offers various steel-related services such as cutting, bending, and welding. The company is well known for its commitment to quality and customer satisfaction.
– Suraj Ltd ($BSE:531638)
Suraj Ltd is a leading Indian conglomerate engaged in a variety of sectors, including energy, infrastructure, engineering, and technology. It has a market capitalization of 1.38B as of 2023, reflecting its status as a major player in the Indian corporate landscape. The company also boasts a highly impressive Return on Equity of 10.19%, indicating that its operations are producing impressive levels of profitability. These figures demonstrate the company’s efficiency in leveraging its resources to generate strong returns for its shareholders.
– Kumkang Industrial Co Ltd ($KOSE:014280)
Kumkang Industrial Co. Ltd is a South Korean company that manufactures and supplies specialized industrial machinery, tools, and other industrial products. The company has an impressive market cap of 144.3B as of 2023, a testament to its success and reputation in the industrial market. Additionally, Kumkang Industrial Co. Ltd also boasts a Return on Equity of 12.69%, making it an attractive investment for those looking for substantial returns.
Summary
Investing in JIANGSU CHANGBAO STEELTUBE offers a strong dividend yield over the past three years, with an average of 2.04%. In 2021 and 2022, the company paid out 0.08 CNY per share, resulting in a dividend yield of 1.87%. In 2023, they increased the dividend to 0.1 CNY, bringing the yield up to 2.38%. With consistent payout and strong yields, this stock could be a great option for income investors who are looking for a steady dividend income.
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