Shandong Shengli Dividend
Dividend criteria checks 3/6
Shandong Shengli is a dividend paying company with a current yield of 2.13% that is well covered by earnings. Next payment date is on 25th July, 2024 with an ex-dividend date of 25th July, 2024.
Key information
2.1%
Dividend yield
32%
Payout ratio
Industry average yield | 3.2% |
Next dividend pay date | 25 Jul 24 |
Ex dividend date | 25 Jul 24 |
Dividend per share | n/a |
Earnings per share | CN¥0.17 |
Dividend yield forecast in 3Y | n/a |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 000407 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 000407's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
Shandong Shengli Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (000407) | 2.1% |
Market Bottom 25% (CN) | 0.7% |
Market Top 25% (CN) | 2.6% |
Industry Average (Gas Utilities) | 3.2% |
Analyst forecast in 3 Years (000407) | n/a |
Notable Dividend: 000407's dividend (2.13%) is higher than the bottom 25% of dividend payers in the CN market (0.71%).
High Dividend: 000407's dividend (2.13%) is low compared to the top 25% of dividend payers in the CN market (2.6%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.1%), 000407's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (17.6%), 000407's dividend payments are well covered by cash flows.