Yahoo Finance Steering Clear Of Foshan Golden Milky Way Intelligent Equipment With One Better Dividend Stock Option
Investors often turn to dividend stocks for a reliable source of income. However, the stability of these dividends can vary significantly among companies, making some investments riskier than others. For example, Foshan Golden Milky Way Intelligent Equipment has experienced significant fluctuations in its dividend payouts, which could be a red flag for those seeking dependable returns.
Top 10 Dividend Stocks In China
Name | Dividend Yield | Dividend Rating |
Lao Feng Xiang (SHSE:600612) | 3.20% | ★★★★★★ |
Midea Group (SZSE:000333) | 4.68% | ★★★★★★ |
Changhong Meiling (SZSE:000521) | 3.88% | ★★★★★★ |
Wuliangye YibinLtd (SZSE:000858) | 3.64% | ★★★★★★ |
Inner Mongolia Yili Industrial Group (SHSE:600887) | 4.62% | ★★★★★★ |
Ping An Bank (SZSE:000001) | 6.95% | ★★★★★★ |
Huangshan NovelLtd (SZSE:002014) | 5.66% | ★★★★★★ |
China South Publishing & Media Group (SHSE:601098) | 4.20% | ★★★★★★ |
Chacha Food Company (SZSE:002557) | 3.52% | ★★★★★★ |
Zhejiang Jiaxin SilkLtd (SZSE:002404) | 5.57% | ★★★★★★ |
Click here to see the full list of 232 stocks from our Top Dividend Stocks screener.
Let's explore one of the standout options from the results in the screener and examine one not meeting the grade.
Top Pick
Nacity Property Service GroupLtd
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Nacity Property Service Group Ltd (ticker: SHSE:603506) is a company based in China that provides real estate property management services, with a market capitalization of approximately CN¥1.64 billion.
Operations: The firm generates its revenue primarily from real estate property management services in China.
Dividend Yield: 4%
Nacity Property Service Group has demonstrated a consistent dividend payout, with a recent declaration of CNY 0.35057 per share. Despite a dip in quarterly net income from CNY 40.33 million to CNY 20.83 million, annual figures show growth, with net income rising from CNY 145.48 million to CNY 185.77 million year-over-year. The company's dividends are sustainably covered by earnings and cash flows, showcasing stability not seen in some peers who have reduced dividends significantly.
One To Reconsider
Foshan Golden Milky Way Intelligent Equipment
Simply Wall St Dividend Rating: ★★☆☆☆☆
Overview: Foshan Golden Milky Way Intelligent Equipment Co., Ltd. is a company that specializes in the production and sale of automated equipment, with a market capitalization of approximately CN¥2.86 billion.
Operations: The company generates revenue from the production and sale of automated equipment.
Dividend Yield: 1%
Foshan Golden Milky Way Intelligent Equipment's dividend history reveals instability, with a recent yield of only 0.98%, significantly lower than the top quartile of Chinese dividend stocks at 2.54%. Despite a low payout ratio of 43.9%, dividends are not supported by free cash flow, indicating potential sustainability issues. Shareholder dilution over the past year and volatile share prices further undermine confidence in its dividend reliability, compounded by a substantial annual drop in payments previously.
Seize The Opportunity
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include SHSE:603506SZSE:300619.
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