Chongqing Shunbo AluminumLtd Dividend
Dividend criteria checks 2/6
Chongqing Shunbo AluminumLtd is a dividend paying company with a current yield of 1.33% that is well covered by earnings.
Key information
1.3%
Dividend yield
32%
Payout ratio
| Industry average yield | 2.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.0769 |
| Earnings per share | CN¥0.20 |
| Dividend yield forecast | 1.3% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002996 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002996 has only been paying a dividend for 3 years, and since then payments have not increased.
Dividend Yield vs Market
| Chongqing Shunbo AluminumLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002996) | 1.3% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (Metals and Mining) | 2.4% |
| Analyst forecast (002996) (up to 3 years) | 1.3% |
Notable Dividend: 002996's dividend (1.33%) is higher than the bottom 25% of dividend payers in the CN market (0.65%).
High Dividend: 002996's dividend (1.33%) is low compared to the top 25% of dividend payers in the CN market (2.43%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.2%), 002996's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 002996 is paying a dividend but the company has no free cash flows.