CNOOC Dividend
Dividend criteria checks 5/6
CNOOC is a dividend paying company with a current yield of 6.61% that is well covered by earnings.
Key information
6.6%
Dividend yield
43%
Payout ratio
| Industry average yield | 7.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥1.156 |
| Earnings per share | CN¥2.94 |
| Dividend yield forecast | 7.9% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600938's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600938's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| CNOOC Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600938) | 6.6% |
| Market Bottom 25% (CN) | 0.8% |
| Market Top 25% (CN) | 2.8% |
| Industry Average (Oil and Gas) | 7.1% |
| Analyst forecast (600938) (up to 3 years) | 7.9% |
Notable Dividend: 600938's dividend (6.61%) is higher than the bottom 25% of dividend payers in the CN market (0.76%).
High Dividend: 600938's dividend (6.61%) is in the top 25% of dividend payers in the CN market (2.77%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.5%), 600938's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (52.5%), 600938's dividend payments are covered by cash flows.