Offshore Oil EngineeringLtd Dividend
Dividend criteria checks 4/6
Offshore Oil EngineeringLtd is a dividend paying company with a current yield of 2.31% that is well covered by earnings.
Key information
2.3%
Dividend yield
39%
Payout ratio
Industry average yield | 1.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CN¥0.37 |
Dividend yield forecast in 3Y | 3.2% |
Recent dividend updates
No updates
Recent updates
Offshore 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) | 2.3% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.4% |
Industry Average (Energy Services) | 1.9% |
Analyst forecast in 3 Years (600583) | 3.2% |
Notable Dividend: 600583's dividend (2.31%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 600583's dividend (2.31%) is low compared to the top 25% of dividend payers in the CN market (2.36%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.1%), 600583's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (9.4%), 600583's dividend payments are thoroughly covered by cash flows.