COSCO SHIPPING Development Co., Ltd.

OTCPK:CITA.Y Stock Report

Market Cap: US$3.7b

COSCO SHIPPING Development Dividend

Dividend criteria checks 2/6

COSCO SHIPPING Development is a dividend paying company with a current yield of 4.44% that is well covered by earnings.

Key information

4.4%

Dividend yield

31%

Payout ratio

Industry average yield1.7%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Earnings per shareUS$0.10
Dividend yield forecast in 3Yn/a

Recent dividend updates

No updates

Recent updates

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: CITA.Y has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: CITA.Y has only been paying a dividend for 5 years, and since then payments have fallen.


Dividend Yield vs Market

COSCO SHIPPING Development Dividend Yield vs Market
How does CITA.Y dividend yield compare to the market?
SegmentDividend Yield
Company (CITA.Y)4.4%
Market Bottom 25% (US)1.5%
Market Top 25% (US)4.8%
Industry Average (Trade Distributors)1.7%
Analyst forecast in 3 Years (CITA.Y)n/a

Notable Dividend: CITA.Y's dividend (4.44%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: CITA.Y's dividend (4.44%) is low compared to the top 25% of dividend payers in the US market (4.69%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (30.7%), CITA.Y's dividend payments are well covered by earnings.


Cash Payout to Shareholders

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


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