China Petroleum Engineering Dividend
Dividend criteria checks 3/6
China Petroleum Engineering is a dividend paying company with a current yield of 1.29% that is well covered by earnings.
Key information
1.3%
Dividend yield
29%
Payout ratio
| Industry average yield | 2.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.041 |
| Earnings per share | CN¥0.14 |
| Dividend yield forecast in 3Y | 1.9% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600339 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 600339's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| China Petroleum Engineering Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600339) | 1.3% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.6% |
| Industry Average (Energy Services) | 2.1% |
| Analyst forecast in 3 Years (600339) | 1.9% |
Notable Dividend: 600339's dividend (1.29%) is higher than the bottom 25% of dividend payers in the CN market (0.69%).
High Dividend: 600339's dividend (1.29%) is low compared to the top 25% of dividend payers in the CN market (2.55%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.3%), 600339's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (4%), 600339's dividend payments are thoroughly covered by cash flows.