COSCO SHIPPING Specialized CarriersLtd Dividends and Buybacks
Dividend criteria checks 4/6
COSCO SHIPPING Specialized CarriersLtd is a dividend paying company with a current yield of 3.66% that is well covered by earnings.
Key information
3.7%
Dividend yield
-0.8%
Buyback Yield
| Total Shareholder Yield | 2.9% |
| Future Dividend Yield | 5.1% |
| Dividend Growth | 46.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.248 |
| Payout ratio | 39% |
Recent dividend and buyback updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600428 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 600428's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| COSCO SHIPPING Specialized CarriersLtd Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600428) | 3.7% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Shipping) | 3.4% |
| Analyst forecast (600428) (up to 3 years) | 5.1% |
Notable Dividend: 600428's dividend (3.66%) is higher than the bottom 25% of dividend payers in the CN market (0.54%).
High Dividend: 600428's dividend (3.66%) is in the top 25% of dividend payers in the CN market (2.12%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.4%), 600428's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (35.1%), 600428's dividend payments are well covered by cash flows.