Industrial and Commercial Bank of China Dividends and Buybacks
Dividend criteria checks 5/6
Industrial and Commercial Bank of China is a dividend paying company with a current yield of 6.34% that is well covered by earnings. Next payment date is on 24th January, 2025 with an ex-dividend date of 2nd January, 2025.
Key information
6.3%
Dividend yield
1.4%
Buyback Yield
| Total Shareholder Yield | 7.7% |
| Future Dividend Yield | 7.0% |
| Dividend Growth | 3.1% |
| Next dividend pay date | 24 Jan 25 |
| Ex dividend date | 02 Jan 25 |
| Dividend per share | HK$0.313 |
| Payout ratio | 46% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 1398's dividends per share have been stable in the past 10 years.
Growing Dividend: 1398's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Industrial and Commercial Bank of China Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (1398) | 6.3% |
| Market Bottom 25% (HK) | 3.1% |
| Market Top 25% (HK) | 8.0% |
| Industry Average (Banks) | 6.6% |
| Analyst forecast (1398) (up to 3 years) | 7.0% |
Notable Dividend: 1398's dividend (6.34%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.15%).
High Dividend: 1398's dividend (6.34%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.98%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.9%), 1398's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1398's dividends in 3 years are forecast to be well covered by earnings (30.7% payout ratio).