Shanghai Sinotec Dividends and Buybacks
Dividend criteria checks 4/6
Shanghai Sinotec is a dividend paying company with a current yield of 4% that is well covered by earnings.
Key information
4.0%
Dividend yield
0.5%
Buyback Yield
| Total Shareholder Yield | 4.5% |
| Future Dividend Yield | n/a |
| Dividend Growth | 21.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.360 |
| Payout ratio | 67% |
Recent dividend and buyback updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603121 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603121's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Shanghai Sinotec Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603121) | 4.0% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Auto Components) | 1.5% |
| Analyst forecast (603121) (up to 3 years) | n/a |
Notable Dividend: 603121's dividend (4%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 603121's dividend (4%) is in the top 25% of dividend payers in the CN market (2.15%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (66.7%), 603121's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (79.4%), 603121's dividend payments are covered by cash flows.