Nanjing Iron & Steel Dividend
Dividend criteria checks 3/6
Nanjing Iron & Steel is a dividend paying company with a current yield of 4.6% that is well covered by earnings. Next payment date is on 10th May, 2024 with an ex-dividend date of 10th May, 2024.
Key information
4.6%
Dividend yield
67%
Payout ratio
Industry average yield | 2.3% |
Next dividend pay date | 10 May 24 |
Ex dividend date | 10 May 24 |
Dividend per share | n/a |
Earnings per share | CN¥0.37 |
Dividend yield forecast in 3Y | 5.7% |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 600282 has been paying a dividend for less than 10 years.
Growing Dividend: 600282's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
Nanjing Iron & Steel Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (600282) | 4.6% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.4% |
Industry Average (Metals and Mining) | 2.3% |
Analyst forecast in 3 Years (600282) | 5.7% |
Notable Dividend: 600282's dividend (4.6%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 600282's dividend (4.6%) is in the top 25% of dividend payers in the CN market (2.35%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (66.9%), 600282's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 600282 is paying a dividend but the company has no free cash flows.