COSCO SHIPPING Technology Dividend
Dividend criteria checks 3/6
COSCO SHIPPING Technology is a dividend paying company with a current yield of 1.09% that is well covered by earnings.
Key information
1.1%
Dividend yield
35%
Payout ratio
| Industry average yield | 1.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CN¥0.51 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 002401 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 002401's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| COSCO SHIPPING Technology Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2401) | 1.1% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.4% |
| Industry Average (IT) | 1.2% |
| Analyst forecast in 3 Years (2401) | n/a |
Notable Dividend: 002401's dividend (1.09%) is higher than the bottom 25% of dividend payers in the CN market (0.68%).
High Dividend: 002401's dividend (1.09%) 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 (35.2%), 002401's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (37.9%), 002401's dividend payments are well covered by cash flows.