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PR Newswire
28-03-2022, 11:26 AM
Final dividend announced was much higher than I anticipated, or even dared hope for, at 0.31 RMB. That gives a total dividend to 2021 of 0.47 RBM, or about 57.8c HK.
https://finance.yahoo.com/news/sinopec-a...00538.html
At Friday's closing price of HK $3.71, that is an eye-popping annual dividend yield of 15.58%. Price has moved up this morning, but at the last seen price of HK$3.92 at time of writing, the dividend yield would be 14.74%. The results for 2021 would have been based on an average oil price of around $70 per barrel, compared with about $110 now. Sinopec is already a big gas producer and it looks like a lot more investment is directed at increasing the gas supply.
https://finance.yahoo.com/news/sinopec-a...00538.html
At Friday's closing price of HK $3.71, that is an eye-popping annual dividend yield of 15.58%. Price has moved up this morning, but at the last seen price of HK$3.92 at time of writing, the dividend yield would be 14.74%. The results for 2021 would have been based on an average oil price of around $70 per barrel, compared with about $110 now. Sinopec is already a big gas producer and it looks like a lot more investment is directed at increasing the gas supply.