COSCO SHIPPING Development Co., Ltd.

SZSC:2866 Stock Report

Market Cap: HK$31.1b

COSCO SHIPPING Development Dividend

Dividend criteria checks 2/6

COSCO SHIPPING Development is a dividend paying company with a current yield of 3.99% that is well covered by earnings.

Key information

4.0%

Dividend yield

57%

Payout ratio

Industry average yield5.6%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per shareHK$0.0415
Earnings per shareHK$0.089
Future Dividend Yieldn/a

Recent dividend 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
How does 2866 dividend yield compare to the market?
SegmentDividend Yield
Company (2866)4.0%
Market Bottom 25% (HK)3.2%
Market Top 25% (HK)7.9%
Industry Average (Trade Distributors)5.6%
Analyst forecast (2866) (up to 3 years)n/a

Notable Dividend: 2866's dividend (3.99%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.23%).

High Dividend: 2866's dividend (3.99%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.92%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (57.4%), 2866's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: 2866 is paying a dividend but the company has no free cash flows.


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