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Dividend Yield: 3.5%

Shanghai Liangxin Electrical's dividend yield of 3.5% ranks in the top 25% of China's market, but its dividends have been volatile and are not well covered by cash flows, with a high cash payout ratio of 93.1%. Despite trading at a value below estimated fair value, recent earnings showed declines in revenue and net income compared to last year. The company completed a share buyback program totaling CNY 200.03 million for 2.69% shares repurchased.

• Get an in-depth perspective on Shanghai Liangxin ElectricalLTD's performance by reading our dividend report here.

• Our comprehensive valuation report raises the possibility that Shanghai Liangxin ElectricalLTD is priced lower than what may be justified by its financials.

Altech

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Altech Corporation offers technical and engineering assignment services both in Japan and internationally, with a market cap of ¥53.21 billion.

Operations: Altech Corporation's revenue primarily comes from its Outsourcing Service Business, including staffing services, which generated ¥44.87 billion, and its Global Business segment, contributing ¥3.09 billion.

Dividend Yield: 3.5%

Altech's dividend payments have been inconsistent over the past decade, with notable volatility. However, dividends are well-supported by earnings and cash flows, with payout ratios of 53.6% and 44.1%, respectively. Although Altech's current dividend yield of 3.55% is slightly below the top tier in Japan, it trades at a significant discount to its estimated fair value. Earnings are projected to grow modestly at 2.29% annually, indicating potential for future stability in dividends.

• Unlock comprehensive insights into our analysis of Altech stock in this dividend report.

• Our expertly prepared valuation report Altech implies its share price may be lower than expected.

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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 SET:PIN SZSE:002706 and TSE:4641.

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