Sinosteel Engineering & Technology Dividends and Buybacks
Dividend criteria checks 3/6
Sinosteel Engineering & Technology is a dividend paying company with a current yield of 3.75% that is well covered by earnings.
Key information
3.7%
Dividend yield
0.5%
Buyback Yield
| Total Shareholder Yield | 4.3% |
| Future Dividend Yield | 6.1% |
| Dividend Growth | 14.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.266 |
| Payout ratio | 42% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 000928 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 000928's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Sinosteel Engineering & Technology Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (000928) | 3.7% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Construction) | 3.1% |
| Analyst forecast (000928) (up to 3 years) | 6.1% |
Notable Dividend: 000928's dividend (3.75%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 000928's dividend (3.75%) is in the top 25% of dividend payers in the CN market (2.13%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.7%), 000928's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 000928 is paying a dividend but the company has no free cash flows.