Rongsheng Petrochemical Dividends and Buybacks
Dividend criteria checks 4/6
Rongsheng Petrochemical is a dividend paying company with a current yield of 1% that is well covered by earnings.
Key information
1.0%
Dividend yield
2.8%
Buyback Yield
| Total Shareholder Yield | 3.8% |
| Future Dividend Yield | 2.9% |
| Dividend Growth | 8.8% |
| 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
Stability 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) | 1.0% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Chemicals) | 1.7% |
| Analyst forecast (002493) (up to 3 years) | 2.9% |
Notable Dividend: 002493's dividend (1%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).
High Dividend: 002493's dividend (1%) is low compared to the top 25% of dividend payers in the CN market (2.08%).
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.