Ningbo Ocean Shipping Dividend
Dividend criteria checks 2/6
Ningbo Ocean Shipping is a dividend paying company with a current yield of 1.13% that is well covered by earnings.
Key information
1.1%
Dividend yield
29%
Payout ratio
Industry average yield | 3.1% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CN¥0.39 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
No updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 601022's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 601022's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
Ningbo Ocean Shipping Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (601022) | 1.1% |
Market Bottom 25% (CN) | 0.6% |
Market Top 25% (CN) | 2.2% |
Industry Average (Shipping) | 3.1% |
Analyst forecast in 3 Years (601022) | n/a |
Notable Dividend: 601022's dividend (1.13%) is higher than the bottom 25% of dividend payers in the CN market (0.63%).
High Dividend: 601022's dividend (1.13%) is low compared to the top 25% of dividend payers in the CN market (2.23%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29%), 601022's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 601022 is paying a dividend but the company has no free cash flows.