Rongsheng Petrochemical Dividends and Buybacks
Dividend criteria checks 4/6
Rongsheng Petrochemical is a dividend paying company with a current yield of 1.1% that is well covered by earnings.
Key information
1.1%
Dividend yield
3.1%
Buyback Yield
| Total Shareholder Yield | 4.2% |
| Future Dividend Yield | 3.4% |
| Dividend Growth | 9.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.100 |
| Payout ratio | 47% |
Recent dividend and buyback updates
Recent updates
Little Excitement Around Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Revenues
Nov 26
Rongsheng Petrochemical (SZSE:002493) Has A Somewhat Strained Balance Sheet
Oct 15Is Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Potentially Undervalued?
Sep 30The Return Trends At Rongsheng Petrochemical (SZSE:002493) Look Promising
Sep 13Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Business And Shares Still Trailing The Industry
Jun 28Why Rongsheng Petrochemical Co., Ltd. (SZSE:002493) Could Be Worth Watching
Jun 13Here's Why Rongsheng Petrochemical (SZSE:002493) Is Weighed Down By Its Debt Load
May 28Rongsheng Petrochemical Co., Ltd. Beat Revenue Forecasts By 5.2%: Here's What Analysts Are Forecasting Next
Apr 28Returns On Capital At Rongsheng Petrochemical (SZSE:002493) Have Hit The Brakes
Apr 27Lacklustre Performance Is Driving Rongsheng Petrochemical Co., Ltd.'s (SZSE:002493) Low P/S
Mar 25Rongsheng Petrochemical (SZSE:002493) Has Debt But No Earnings; Should You Worry?
Feb 27Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002493's dividend payments have been volatile in the past 10 years.
Growing Dividend: 002493's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Rongsheng Petrochemical Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002493) | 1.1% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Chemicals) | 1.7% |
| Analyst forecast (002493) (up to 3 years) | 3.4% |
Notable Dividend: 002493's dividend (1.1%) is higher than the bottom 25% of dividend payers in the CN market (0.54%).
High Dividend: 002493's dividend (1.1%) is low compared to the top 25% of dividend payers in the CN market (2.07%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (46.9%), 002493's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (6.6%), 002493's dividend payments are thoroughly covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 17:58 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Rongsheng Petrochemical Co., Ltd. is covered by 27 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ruzhen Ye | Changjiang Securities Co. LTD. |
| Wenpo Ren | China Galaxy Securities Co., Ltd. |
| Kaiming Fu | China International Capital Corporation Limited |