Changjiang & Jinggong Steel Building (Group) Dividend
Dividend criteria checks 4/6
Changjiang & Jinggong Steel Building (Group) is a dividend paying company with a current yield of 2.2% that is well covered by earnings.
Key information
2.2%
Dividend yield
28%
Payout ratio
| Industry average yield | 3.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.060 |
| Earnings per share | CN¥0.22 |
| Dividend yield forecast | 1.9% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600496's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600496's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Changjiang & Jinggong Steel Building (Group) Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600496) | 2.2% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.5% |
| Industry Average (Construction) | 3.1% |
| Analyst forecast (600496) (up to 3 years) | 1.9% |
Notable Dividend: 600496's dividend (2.2%) is higher than the bottom 25% of dividend payers in the CN market (0.69%).
High Dividend: 600496's dividend (2.2%) is low compared to the top 25% of dividend payers in the CN market (2.54%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.6%), 600496's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (25.8%), 600496's dividend payments are well covered by cash flows.