Sunshine Insurance Group Dividend
Dividend criteria checks 3/6
Sunshine Insurance Group is a dividend paying company with a current yield of 7.56% that is well covered by earnings. Next payment date is on 16th July, 2024 with an ex-dividend date of 22nd May, 2024.
Key information
7.6%
Dividend yield
55%
Payout ratio
| Industry average yield | 4.3% |
| Next dividend pay date | 16 Jul 24 |
| Ex dividend date | 22 May 24 |
| Dividend per share | n/a |
| Earnings per share | HK$0.33 |
| Dividend yield forecast in 3Y | 9.7% |
Recent dividend updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 6963's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 6963's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Sunshine Insurance Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (6963) | 7.6% |
| Market Bottom 25% (HK) | 3.2% |
| Market Top 25% (HK) | 8.0% |
| Industry Average (Insurance) | 4.3% |
| Analyst forecast in 3 Years (6963) | 9.7% |
Notable Dividend: 6963's dividend (7.56%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.22%).
High Dividend: 6963's dividend (7.56%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.02%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (55.4%), 6963's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (11.3%), 6963's dividend payments are thoroughly covered by cash flows.