Shanghai Baosteel Packaging Dividend
Dividend criteria checks 3/6
Shanghai Baosteel Packaging is a dividend paying company with a current yield of 1.82% that is well covered by earnings. Next payment date is on 27th September, 2024 with an ex-dividend date of 27th September, 2024.
Key information
1.8%
Dividend yield
88%
Payout ratio
| Industry average yield | 2.8% |
| Next dividend pay date | 27 Sep 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | CN¥0.084 |
| Earnings per share | CN¥0.17 |
| Dividend yield forecast | n/a |
Recent dividend updates
No updates
Recent updates
Upcoming Dividend Payment
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) | 1.8% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.7% |
| Industry Average (Packaging) | 2.8% |
| Analyst forecast (601968) (up to 3 years) | n/a |
Notable Dividend: 601968's dividend (1.82%) is higher than the bottom 25% of dividend payers in the CN market (0.73%).
High Dividend: 601968's dividend (1.82%) is low compared to the top 25% of dividend payers in the CN market (2.68%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (87.6%), 601968's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (27.7%), 601968's dividend payments are well covered by cash flows.