Sunshine Insurance Group Dividends and Buybacks
Dividend criteria checks 3/6
Sunshine Insurance Group is a dividend paying company with a current yield of 6.86% that is well covered by earnings.
Key information
6.9%
Dividend yield
-9.6%
Buyback Yield
| Total Shareholder Yield | -2.7% |
| Future Dividend Yield | 8.0% |
| Dividend Growth | 28.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | HK$0.194 |
| Payout ratio | 52% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 6963 has been paying a dividend for less than 10 years.
Growing Dividend: 6963 has only been paying a dividend for 2 years, and since then payments have not increased.
Dividend Yield vs Market
| Sunshine Insurance Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (6963) | 6.9% |
| Market Bottom 25% (HK) | 3.2% |
| Market Top 25% (HK) | 8.0% |
| Industry Average (Insurance) | 3.1% |
| Analyst forecast (6963) (up to 3 years) | 8.0% |
Notable Dividend: 6963's dividend (6.86%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.23%).
High Dividend: 6963's dividend (6.86%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.03%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (51.9%), 6963's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (8.6%), 6963's dividend payments are thoroughly covered by cash flows.