Rongsheng Petrochemical Dividend
Dividend criteria checks 4/6
Rongsheng Petrochemical is a dividend paying company with a current yield of 0.89% that is well covered by earnings.
Key information
0.9%
Dividend yield
30%
Payout ratio
Industry average yield | 2.1% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CN¥0.33 |
Dividend yield forecast in 3Y | 3.2% |
Recent dividend updates
Recent updates
Rongsheng 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 |
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Segment | Dividend Yield |
---|---|
Company (2493) | 0.9% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.4% |
Industry Average (Chemicals) | 2.1% |
Analyst forecast in 3 Years (2493) | 3.2% |
Notable Dividend: 002493's dividend (0.89%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 002493's dividend (0.89%) is low compared to the top 25% of dividend payers in the CN market (2.36%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.4%), 002493's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (12.7%), 002493's dividend payments are thoroughly covered by cash flows.