Shanghai Highly dividend yield – Shanghai Highly Group Co Ltd Declares 0.01 Cash Dividend

🌥️Dividends Yield

On June 3 2023, Shanghai Highly ($SHSE:600619) Group Co Ltd declared a 0.01 Cash Dividend to its shareholders. This dividend is the latest in a series of dividends issued by SHANGHAI HIGHLY over the past three years, with 0.0 CNY, 0.0 CNY and 0.15 CNY per share dividends issued in 2021, 2022 and 2023 respectively. The dividend yield from 2021 to 2023 are 2.22%, 2.22% and 1.85%, with an average dividend yield of 2.1%. This indicates that SHANGHAI HIGHLY has been offering a consistent level of dividend payouts over the past 3 years.

If you are looking for dividend stocks, SHANGHAI HIGHLY should be considered, with the ex-dividend date being June 8 2023. This offers investors an opportunity to purchase the stock and benefit from the most recent dividend payments. Furthermore, the company’s consistent and reliable dividend payouts add to its appeal as an investment option.

Stock Price

The stock opened at CNY6.4 and closed at the same price, down by 0.3% from the last closing price of 6.4. This marks a decrease in total shareholder value. It is unclear why the stock has declined, however, it may have something to do with the announcement of a dividend. Shareholders may be concerned about the company’s future prospects and may be selling off shares in response.

The dividend payout is relatively small, so even with the decrease in share price, most shareholders will still see some benefit from the dividend payment. If the dividend were larger or if the company was able to make more profits, shareholders may have seen a greater return on their investment. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Shanghai Highly. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Shanghai Highly. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Shanghai Highly. More…

Key Ratios Snapshot

Some of the financial key ratios for Shanghai Highly are shown below. More…

Analysis

After performing an analysis of SHANGHAI HIGHLY‘s fundamentals, our Star Chart showed that SHANGHAI HIGHLY is strong in dividend and medium in asset, growth, and profitability. On top of these findings, our analysis of the company’s cashflows and debt revealed that it has an intermediate health score of 6/10. This suggests that SHANGHAI HIGHLY might be able to sustain future operations in times of crises. Based on these results, we concluded that SHANGHAI HIGHLY is classified as ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Such companies may attract investors seeking long-term stability as well as those looking to benefit from dividend yields. More…

Peers

It has several well-known competitors, including Shenzhen iN Cube Automation Co Ltd, Yoantion Industrial Inc Ltd, and Kale Environment Technology (Shanghai) Co Ltd. These companies are all renowned for their innovative solutions and commitment to providing quality products and services. Despite the stiff competition, Shanghai Highly Group Co Ltd has managed to remain at the forefront of this growing industry.

– Shenzhen iN Cube Automation Co Ltd ($SZSE:301312)

Shenzhen iN Cube Automation Co Ltd is a Chinese automation company that provides intelligent robotics solutions to businesses in industries such as manufacturing, logistics, and agriculture. The company has a market capitalization of 5.39 billion as of 2023 and a Return on Equity (ROE) of 7.21%. This suggests that the shareholders of the company are seeing a healthy return on their investment. The high market cap and ROE show that the company is doing well financially and is a strong contender in the industry.

– Yoantion Industrial Inc Ltd ($SZSE:301053)

Yoantion Industrial Inc Ltd is a leading industrial company in the engineering and manufacturing sector. The company specializes in the production of a wide range of products, including machinery, appliances, and electronic components. With a market cap of 2.01B as of 2023, the company is one of the largest in the sector. Its Return on Equity (ROE) also stands at 9.11%, indicating that the company has a healthy financial position and strong performance. The company’s strong financial position and market cap has enabled it to succeed in its operations and continue to expand its presence in the global market.

– Kale Environment Technology (Shanghai) Co Ltd ($SZSE:301070)

Kale Environment Technology (Shanghai) Co Ltd is a global environmental technology company that focuses on providing integrated solutions for air pollution control. Their market cap of 2.16B as of 2023 and Return on Equity of 3.11% indicates a strong financial performance and success in the industry. This is a testament to their capabilities in delivering efficient and cost-effective solutions to their clients. They have a strong foothold in the industries such as power generation, chemicals, and petrochemicals, as well as in the municipal sector. The company also utilizes advanced technologies, such as nanofiltration, ozone oxidation, and activated carbon absorption, to address the challenges posed by air pollution.

Summary

SHANGHAI HIGHLY has paid out a total of 0.3 CNY dividend per share over the past 3 years, equating to a dividend yield of 2.1%. This makes it an attractive option for investors looking for a steady and reliable source of income, with relatively consistent yields across the years. The company has a strong track record of dividend payments, and its high dividend yield is likely to remain stable in the near future, making it a good option for long-term investors.

It is also worth noting that the company has relatively low debt levels, providing further security to investors. Overall, SHANGHAI HIGHLY appears to be a solid option for investors seeking a reliable dividend income.