COSCO SHIPPING Development Dividends and Buybacks
Dividend criteria checks 2/6
COSCO SHIPPING Development is a dividend paying company with a current yield of 4.08% that is well covered by earnings.
Key information
4.1%
Dividend yield
-0.2%
Buyback Yield
| Total Shareholder Yield | 3.9% |
| Future Dividend Yield | n/a |
| Dividend Growth | 2.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | HK$0.0414 |
| Payout ratio | 44% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 2866 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2866's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| COSCO SHIPPING Development Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2866) | 4.1% |
| Market Bottom 25% (HK) | 3.3% |
| Market Top 25% (HK) | 8.1% |
| Industry Average (Trade Distributors) | 5.7% |
| Analyst forecast (2866) (up to 3 years) | n/a |
Notable Dividend: 2866's dividend (4.08%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.3%).
High Dividend: 2866's dividend (4.08%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.06%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.6%), 2866's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 2866 is paying a dividend but the company has no free cash flows.