Sinosteel New Materials Dividends and Buybacks
Dividend criteria checks 5/6
Sinosteel New Materials is a dividend paying company with a current yield of 2.21% that is well covered by earnings.
Key information
2.2%
Dividend yield
-0.005%
Buyback Yield
| Total Shareholder Yield | 2.2% |
| Future Dividend Yield | n/a |
| Dividend Growth | 24.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.181 |
| Payout ratio | 73% |
Recent dividend and buyback updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002057's dividend payments have been volatile in the past 10 years.
Growing Dividend: 002057's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Sinosteel New Materials Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002057) | 2.2% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Chemicals) | 1.7% |
| Analyst forecast (002057) (up to 3 years) | n/a |
Notable Dividend: 002057's dividend (2.21%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).
High Dividend: 002057's dividend (2.21%) is in the top 25% of dividend payers in the CN market (2.07%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.4%), 002057's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (39.7%), 002057's dividend payments are well covered by cash flows.