Shanghai Baosteel Packaging Dividends and Buybacks
Dividend criteria checks 2/6
Shanghai Baosteel Packaging is a dividend paying company with a current yield of 1.56% that is well covered by earnings.
Key information
1.6%
Dividend yield
1.0%
Buyback Yield
| Total Shareholder Yield | 2.6% |
| Future Dividend Yield | n/a |
| Dividend Growth | 21.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.084 |
| Payout ratio | 65% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 601968 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 601968's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Shanghai Baosteel Packaging Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (601968) | 1.6% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Packaging) | 2.2% |
| Analyst forecast (601968) (up to 3 years) | n/a |
Notable Dividend: 601968's dividend (1.56%) is higher than the bottom 25% of dividend payers in the CN market (0.54%).
High Dividend: 601968's dividend (1.56%) is low compared to the top 25% of dividend payers in the CN market (2.13%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (64.9%), 601968's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (193.2%), 601968's dividend payments are not well covered by cash flows.