Shanghai Datun Energy Resources Dividend
Dividend criteria checks 3/6
Shanghai Datun Energy Resources is a dividend paying company with a current yield of 3.01% that is well covered by earnings.
Key information
3.0%
Dividend yield
68%
Payout ratio
| Industry average yield | 6.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.400 |
| Earnings per share | CN¥0.60 |
| Dividend yield forecast | n/a |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600508 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 600508's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Shanghai Datun Energy Resources Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600508) | 3.0% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Oil and Gas) | 6.1% |
| Analyst forecast (600508) (up to 3 years) | n/a |
Notable Dividend: 600508's dividend (3.01%) is higher than the bottom 25% of dividend payers in the CN market (0.69%).
High Dividend: 600508's dividend (3.01%) is in the top 25% of dividend payers in the CN market (2.54%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67.9%), 600508's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 600508 is paying a dividend but the company has no free cash flows.