China Shipbuilding Industry Dividend
Dividend criteria checks 3/6
China Shipbuilding Industry is a dividend paying company with a current yield of 1.79%. Next payment date is on 1st August, 2024 with an ex-dividend date of 1st August, 2024.
Key information
1.8%
Dividend yield
-324%
Payout ratio
Industry average yield | 2.0% |
Next dividend pay date | 01 Aug 24 |
Ex dividend date | 01 Aug 24 |
Dividend per share | CN¥0.100 |
Earnings per share | -CN¥0.031 |
Dividend yield forecast in 3Y | n/a |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 601989's dividend payments have been volatile in the past 10 years.
Growing Dividend: 601989's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
China Shipbuilding Industry Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (601989) | 1.8% |
Market Bottom 25% (CN) | 0.7% |
Market Top 25% (CN) | 2.6% |
Industry Average (Machinery) | 2.0% |
Analyst forecast in 3 Years (601989) | n/a |
Notable Dividend: 601989's dividend (1.79%) is higher than the bottom 25% of dividend payers in the CN market (0.72%).
High Dividend: 601989's dividend (1.79%) is low compared to the top 25% of dividend payers in the CN market (2.65%).
Earnings Payout to Shareholders
Earnings Coverage: 601989 is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (48.8%), 601989's dividend payments are well covered by cash flows.