Ningbo Ocean Shipping Dividends and Buybacks
Dividend criteria checks 2/6
Ningbo Ocean Shipping is a dividend paying company with a current yield of 1.39% that is well covered by earnings.
Key information
1.4%
Dividend yield
-9.5%
Buyback Yield
| Total Shareholder Yield | -8.1% |
| Future Dividend Yield | n/a |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.116 |
| Payout ratio | 29% |
Recent dividend and buyback updates
No updates
Recent updates
Earnings Working Against Ningbo Ocean Shipping Co., Ltd.'s (SHSE:601022) Share Price
Dec 09
We Think That There Are Some Issues For Ningbo Ocean Shipping (SHSE:601022) Beyond Its Promising Earnings
Nov 04Here's What's Concerning About Ningbo Ocean Shipping's (SHSE:601022) Returns On Capital
Oct 04Ningbo Ocean Shipping (SHSE:601022) Takes On Some Risk With Its Use Of Debt
Aug 20Some Investors May Be Worried About Ningbo Ocean Shipping's (SHSE:601022) Returns On Capital
Jun 03Ningbo Ocean Shipping's (SHSE:601022) Weak Earnings May Only Reveal A Part Of The Whole Picture
Apr 02Is Ningbo Ocean Shipping (SHSE:601022) Using Too Much Debt?
Feb 26Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 601022 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 601022 has only been paying a dividend for 2 years, and since then payments have fallen.
Dividend Yield vs Market
| Ningbo Ocean Shipping Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (601022) | 1.4% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Shipping) | 3.2% |
| Analyst forecast (601022) (up to 3 years) | n/a |
Notable Dividend: 601022's dividend (1.39%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).
High Dividend: 601022's dividend (1.39%) is low compared to the top 25% of dividend payers in the CN market (2.07%).
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.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 00:35 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ningbo Ocean Shipping Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|