Offshore Oil EngineeringLtd Dividends and Buybacks
Dividend criteria checks 5/6
Offshore Oil EngineeringLtd is a dividend paying company with a current yield of 2.7% that is well covered by earnings.
Key information
2.7%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 3.8% |
| Dividend Growth | 1.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.147 |
| Payout ratio | 33% |
Recent dividend and buyback updates
No updates
Recent updates
Little Excitement Around Offshore Oil Engineering Co.,Ltd's (SHSE:600583) Earnings
Dec 03
Offshore Oil EngineeringLtd (SHSE:600583) Could Easily Take On More Debt
Oct 09Is There An Opportunity With Offshore Oil Engineering Co.,Ltd's (SHSE:600583) 26% Undervaluation?
Sep 03Insufficient Growth At Offshore Oil Engineering Co.,Ltd (SHSE:600583) Hampers Share Price
Jul 21These 4 Measures Indicate That Offshore Oil EngineeringLtd (SHSE:600583) Is Using Debt Safely
Jul 02Returns At Offshore Oil EngineeringLtd (SHSE:600583) Are On The Way Up
Jun 11Offshore Oil EngineeringLtd's (SHSE:600583) Earnings May Just Be The Starting Point
Mar 25Earnings Miss: Offshore Oil Engineering Co.,Ltd Missed EPS By 9.9% And Analysts Are Revising Their Forecasts
Mar 20Offshore Oil Engineering Co.,Ltd's (SHSE:600583) Price Is Right But Growth Is Lacking After Shares Rocket 29%
Mar 06Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600583's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600583's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Offshore Oil EngineeringLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600583) | 2.7% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Energy Services) | 1.7% |
| Analyst forecast (600583) (up to 3 years) | 3.8% |
Notable Dividend: 600583's dividend (2.7%) is higher than the bottom 25% of dividend payers in the CN market (0.54%).
High Dividend: 600583's dividend (2.7%) is in the top 25% of dividend payers in the CN market (2.09%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.9%), 600583's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (37.5%), 600583's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 11:49 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Offshore Oil Engineering Co.,Ltd is covered by 32 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Cho Ming Lau | BOCI Research Ltd. |
| Jingru Ma | Bohai Securities Co., Ltd. |
| Ruzhen Ye | Changjiang Securities Co. LTD. |