Has an extreme amount of inside trading.

Jul 11

First quarter dividend of US$0.40 announced

Dividend of US$0.40 is the same as last year.

• Ex-date: 16th August 2024
• Payment date: 20th September 2024
• Dividend yield will be 1.8%, which is about the same as the industry average.

Sustainability & Growth

• Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (5% cash payout ratio).
• The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.
• EPS is expected to decline by 6.7% over the next year. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range.

Current Net Profit Margin

17.19%

Insurance Net Profit Margin

9.58%

Jul 11

First quarter dividend of US$0.40 announced

Dividend of US$0.40 is the same as last year.

• Ex-date: 16th August 2024
• Payment date: 20th September 2024
• Dividend yield will be 1.8%, which is about the same as the industry average.

Sustainability & Growth

• Dividend is well covered by both earnings (13% earnings payout ratio) and cash flows (5% cash payout ratio).
• The dividend has increased by an average of 4.8% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability.

EPS is expected to decline by 6.7% over the next year. However, it would need to fall by 86% to increase the payout ratio to a potentially unsustainable range.