Jiangsu Changbao SteeltubeLtd Dividends and Buybacks
Dividend criteria checks 4/6
Jiangsu Changbao SteeltubeLtd is a dividend paying company with a current yield of 5.4% that is well covered by earnings.
Key information
5.4%
Dividend yield
0.7%
Buyback Yield
| Total Shareholder Yield | 6.1% |
| Future Dividend Yield | 6.2% |
| Dividend Growth | 5.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.280 |
| Payout ratio | 44% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002478's dividend payments have been volatile in the past 10 years.
Growing Dividend: 002478's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Jiangsu Changbao SteeltubeLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002478) | 5.4% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Metals and Mining) | 2.3% |
| Analyst forecast (002478) (up to 3 years) | 6.2% |
Notable Dividend: 002478's dividend (5.4%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 002478's dividend (5.4%) is in the top 25% of dividend payers in the CN market (2.17%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.7%), 002478's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (252.6%), 002478's dividend payments are not well covered by cash flows.