08-31-2023
| TWD/share | |
| Price | 39.65 |
| Dividend | 1.40 |
| Earnings | 1.56 |
| Cash-flow | 4.51 |
| Book value | 26.43 |
| Equity | 25.57 |
Cheng Shin Rubber In is part of Automobiles and Parts business, which is part of Consumer Goods industry. Cheng Shin Rubber In is a company from Taiwan, and his stocks are publicly traded.
Cheng Shin Rubber In stock dividend
Cheng Shin Rubber In paid a total dividend of 4,537 million TWD last year, for a market value of 128,506 millions (Market Cap 72,654 millions). Cheng Shin Rubber In dividend per share is 1.40 TWD, and his stock market price 39.65 TWD.
According to the chart below, where dividend yield is displayed, Cheng Shin Rubber In has a dividend yield of 3.53%, which is higher than the amount offered by both the market average and companies from Taiwan. It is also bigger than average of Consumer Goods industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.
In addition, you should compare Cheng Shin Rubber In stocks dividend with other Automobiles and Parts companies or other of the best Taiwan dividend stocks list.
Cheng Shin Rubber In Dividend Payout
About the ability of Cheng Shin Rubber In to maintain his current dividend of TWD 1.40 per share, an amount that accounts for 3.53%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Cheng Shin Rubber In payout on ernings is currently 89.74%, which is higher than the market average, and companies of Consumer Goods industry, which are 39.34% and 40.18% respectively. Both figures show that Cheng Shin Rubber In can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Cheng Shin Rubber In is TWD 4.51 per share, which is higher than the dividend per share paid by the company of TWD 1.40, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Cheng Shin Rubber In, compared againt world market average, Taiwan companies, Consumer Goods industry and Automobiles and Parts sector companies.
Cheng Shin Rubber In Dividend History
Below you will find a table with the historical evolution of Cheng Shin Rubber In's dividend stock, both in percentage and in TWD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).
| Year | Yield | TWD | Paypout | Shares* |
| Present | 3.53% | 1.40 | 89.74% | 3,241 |
| 2022 | 3.54% | 1.20 | 72.73% | 3,241 |
| 2021 | 3.32% | 1.20 | 63.83% | 3,241 |
| 2020 | 2.27% | 1.00 | 90.91% | 3,241 |
| 2019 | 2.63% | 1.10 | 99.10% | 3,241 |
| 2018 | 4.41% | 1.80 | 104.65% | 3,241 |
| 2017 | 5.71% | 3.00 | 73.17% | 3,241 |
| 2016 | 5.00% | 3.00 | 75.95% | 3,241 |
| 2015 | 5.48% | 3.00 | 60.85% | 3,241 |
*In millions
Then you can see the evolution of Cheng Shin Rubber In dividend stock, and compare it with the average of Taiwan stocks and that of the Automobiles and Parts stocks.
Cheng Shin Rubber In Stock performance
Finally, last moth Cheng Shin Rubber In showed a return of 3.10% compared to a worldwide -2.49% average, and a -1.86% of Consumer Goods firms. Over the last year, the company obtained a 11.80% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Taiwan and Automobiles and Parts firms.
