Shanghai Xintonglian Packaging Dividends and Buybacks
Dividend criteria checks 3/6
Shanghai Xintonglian Packaging is a dividend paying company with a current yield of 0.99% that is well covered by earnings.
Key information
1.0%
Dividend yield
-0.3%
Buyback Yield
| Total Shareholder Yield | 0.7% |
| Future Dividend Yield | n/a |
| Dividend Growth | 30.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.078 |
| Payout ratio | 29% |
Recent dividend and buyback updates
No updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 603022 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 603022's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Shanghai Xintonglian Packaging Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603022) | 1.0% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Packaging) | 2.2% |
| Analyst forecast (603022) (up to 3 years) | n/a |
Notable Dividend: 603022's dividend (0.99%) is higher than the bottom 25% of dividend payers in the CN market (0.54%).
High Dividend: 603022's dividend (0.99%) is low compared to the top 25% of dividend payers in the CN market (2.13%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.9%), 603022's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.2%), 603022's dividend payments are well covered by cash flows.