Xingtong Shipping Dividend
Dividend criteria checks 2/6
Xingtong Shipping is a dividend paying company with a current yield of 1.09% that is well covered by earnings.
Key information
1.1%
Dividend yield
14%
Payout ratio
| Industry average yield | 4.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.150 |
| Earnings per share | CN¥1.07 |
| Dividend yield forecast | 3.1% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 603209 has been paying a dividend for less than 10 years.
Growing Dividend: 603209's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| Xingtong Shipping Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (603209) | 1.1% |
| Market Bottom 25% (CN) | 0.8% |
| Market Top 25% (CN) | 2.8% |
| Industry Average (Shipping) | 4.0% |
| Analyst forecast (603209) (up to 3 years) | 3.1% |
Notable Dividend: 603209's dividend (1.09%) is higher than the bottom 25% of dividend payers in the CN market (0.75%).
High Dividend: 603209's dividend (1.09%) is low compared to the top 25% of dividend payers in the CN market (2.75%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (14.2%), 603209's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 603209 is paying a dividend but the company has no free cash flows.