Shanghai Baosteel Packaging Dividend
Dividend criteria checks 3/6
Shanghai Baosteel Packaging is a dividend paying company with a current yield of 2.1% that is well covered by earnings.
Key information
2.1%
Dividend yield
52%
Payout ratio
| Industry average yield | 2.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.098 |
| Earnings per share | CN¥0.19 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No 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) | 2.1% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.6% |
| Industry Average (Packaging) | 2.5% |
| Analyst forecast in 3 Years (601968) | n/a |
Notable Dividend: 601968's dividend (2.1%) is higher than the bottom 25% of dividend payers in the CN market (0.72%).
High Dividend: 601968's dividend (2.1%) is low compared to the top 25% of dividend payers in the CN market (2.61%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (51.6%), 601968's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (75.6%), 601968's dividend payments are covered by cash flows.