Pacific Basin Shipping Dividend
Dividend criteria checks 4/6
Pacific Basin Shipping is a dividend paying company with a current yield of 4.64% that is well covered by earnings.
Key information
4.6%
Dividend yield
45%
Payout ratio
| Industry average yield | 6.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | HK$0.101 |
| Earnings per share | HK$0.016 |
| Dividend yield forecast | 7.6% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 2343's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2343's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Pacific Basin Shipping Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2343) | 4.6% |
| Market Bottom 25% (HK) | 3.4% |
| Market Top 25% (HK) | 8.4% |
| Industry Average (Shipping) | 6.3% |
| Analyst forecast (2343) (up to 3 years) | 7.6% |
Notable Dividend: 2343's dividend (4.64%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.48%).
High Dividend: 2343's dividend (4.64%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.41%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (44.6%), 2343's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (31.4%), 2343's dividend payments are well covered by cash flows.