China Petroleum & Chemical is a dividend paying company with a current yield of 7.3% that is well covered by earnings. Next payment date is on 26th July, 2024 with an ex-dividend date of 8th July, 2024.
Key information
7.3%
Dividend yield
73%
Payout ratio
Industry average yield
6.6%
Next dividend pay date
26 Jul 24
Ex dividend date
08 Jul 24
Dividend per share
n/a
Earnings per share
HK$0.46
Dividend yield forecast in 3Y
8.7%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 386's dividend payments have been volatile in the past 10 years.
Growing Dividend: 386's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
China Petroleum & Chemical Dividend Yield vs Market
How does 386 dividend yield compare to the market?
Segment
Dividend Yield
Company (386)
7.3%
Market Bottom 25% (HK)
3.1%
Market Top 25% (HK)
7.5%
Industry Average (Oil and Gas)
6.6%
Analyst forecast in 3 Years (386)
8.7%
Notable Dividend: 386's dividend (7.3%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.12%).
High Dividend: 386's dividend (7.3%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.5%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (73.4%), 386's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 386 is paying a dividend but the company has no free cash flows.