Shanghai Pudong Development Bank Co., Ltd.’s (SHSE:600000) periodic dividend will be increasing on the 18th of July to CN¥0.321, with investors receiving 0.3% more than last year’s CN¥0.32. Even though the dividend went up, the yield is still quite low at only 3.6%.
See our latest analysis for Shanghai Pudong Development Bank
Shanghai Pudong Development Bank’s Payment Expected To Have Solid Earnings Coverage
While yield is important, another factor to consider about a company’s dividend is whether the current payout levels are feasible.
Having distributed dividends for at least 10 years, Shanghai Pudong Development Bank has a long history of paying out a part of its earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Shanghai Pudong Development Bank’s payout ratio of 29% is a good sign as this means that earnings decently cover dividends.
Looking forward, EPS is forecast…
