Chongqing Shunbo AluminumLtd Dividends and Buybacks
Dividend criteria checks 3/6
Chongqing Shunbo AluminumLtd is a dividend paying company with a current yield of 1.15% that is well covered by earnings.
Key information
1.2%
Dividend yield
-13.1%
Buyback Yield
| Total Shareholder Yield | -11.9% |
| Future Dividend Yield | 1.2% |
| Dividend Growth | 21.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.0769 |
| Payout ratio | 22% |
Recent dividend and buyback 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 4 years, and since then payments have not increased.
Dividend Yield vs Market
| Chongqing Shunbo AluminumLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002996) | 1.2% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Metals and Mining) | 2.3% |
| Analyst forecast (002996) (up to 3 years) | 1.2% |
Notable Dividend: 002996's dividend (1.15%) is higher than the bottom 25% of dividend payers in the CN market (0.55%).
High Dividend: 002996's dividend (1.15%) is low compared to the top 25% of dividend payers in the CN market (2.16%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (21.9%), 002996's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (29.9%), 002996's dividend payments are well covered by cash flows.