CNOOC (Red Chip) Dividend yield




   HKD/share 
 Price  7.18
 Dividend  0.65
 Earnings  1.56
 Cash-flow  3.12
 Book value  11.97
 Equity  10.91

CNOOC (Red Chip) is part of Oil and Gas Producers business, which is part of Oil and Gas industry. CNOOC (Red Chip) is a company from China, and his stocks are publicly traded.

CNOOC (Red Chip) paid a total dividend of 29,021 million HKD last year, for a market value of 320,573 millions (Market Cap 114,026 millions). Dividend per share of CNOOC (Red Chip) is 0.65 HKD, and his stock market price 7.18 HKD.

According to the chart below, where dividend yield is displayed, CNOOC (Red Chip) has a dividend yield of 9.05%, which is higher than the amount offered by both the market average and companies from China. It is also bigger than average of Oil and Gas industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare CNOOC (Red Chip) dividend yield with other Oil and Gas Producers companies or firms from China.

Dividend yield of CNOOC (Red Chip)

CNOOC (Red Chip) Dividend Payout

About the ability of CNOOC (Red Chip) to maintain his current dividend of HKD 0.65 per share, an amount that accounts for 9.05%, we should study its payout ratio both on earnings and on cash-flows (see chart below). CNOOC (Red Chip) payout on ernings is currently 41.67%, which is higher than the market average, but lower than companies of Oil and Gas industry, which are 38.57% and 45.97% respectively. Both figures show that CNOOC (Red Chip) should not have problems to continue paying his dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of CNOOC (Red Chip) is HKD 3.12 per share, which is higher than the dividend per share paid by the company of HKD 0.65, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of CNOOC (Red Chip), compared againt world market average, China companies, Oil and Gas industry and Oil and Gas Producers sector companies.

CNOOC (Red Chip) payout

CNOOC (Red Chip) Dividend History

Year Yield  HKD  Paypout  Shares* 
Present9.05%0.6541.67%44,648
20195.63%0.7351.77%44,648
20184.96%0.6090.91%44,648
20173.83%0.430.00%44,648
20163.78%0.3761.67%44,669
20156.64%0.5733.14%44,669

*In millions

CNOOC (Red Chip) Stock performance

Finally, last moth CNOOC (Red Chip) showed a return of -11.70% compared to a worldwide 3.99% average, and a 5.49% of Oil and Gas firms. Over the last year, the company obtained a -44.60% versus a worldwide performance of a 6.65%. More detailed information can be seen in the following graph for China and Oil and Gas Producers firms.

CNOOC (Red Chip) stock and market return