Industrial Bank Dividends and Buybacks
Dividend criteria checks 5/6
Industrial Bank is a dividend paying company with a current yield of 5.62% that is well covered by earnings.
Key information
5.6%
Dividend yield
-13.8%
Buyback Yield
| Total Shareholder Yield | -8.2% |
| Future Dividend Yield | 6.6% |
| Dividend Growth | 8.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 31% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Aug 11
601166: Stable Earnings Assumptions Will Support Further Upside Potential
Analysts have trimmed their fair value estimate for Industrial Bank slightly to about CN¥23.16 from roughly CN¥23.66. This reflects modestly adjusted assumptions on discount rate, revenue growth, profit margin and forward P/E.
Narrative Update • Jul 09
601166: Lower Future P/E And Revenue Outlook Will Support Upside
Analysts have lowered their price target for Industrial Bank to CN¥27.0 from CN¥30.5, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the main factors behind the revision. What's in the News No recent news items for Industrial Bank were identified in the provided sources.Narrative Update • Jun 25
601166: Stable Fair Value And Revenue Outlook Will Support Further Upside
Analysts have maintained their fair value estimate for Industrial Bank at CN¥23.66, while adjusting underlying assumptions such as a slightly higher discount rate and a modestly revised future P/E of 8.30. This has led to an unchanged price target that is supported by consistent revenue growth and profit margin expectations.Narrative Update • Jun 10
601166: Lower Discount Rate Will Support Further Upside Potential
Analysts kept Industrial Bank's fair value estimate steady at CN¥23.66 while modestly adjusting key model inputs such as the discount rate and assumed future P/E. This in turn led to a slight refinement of their overall price target framework rather than a major change in view.Narrative Update • May 27
601166: Lower Future P/E Will Support Further Upside Potential
Industrial Bank's updated analyst price target has shifted from CN¥24.53 to CN¥23.66, as analysts factor in the latest assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. Valuation Changes Fair value, based on analyst assumptions, has edged lower from CN¥24.53 to CN¥23.66.
Narrative Update • May 03
601166: Revised Assumptions Will Support Fairly Balanced Outlook Going Forward
Analysts have trimmed their price target on Industrial Bank by roughly CN¥0.14 to reflect updated assumptions for fair value, discount rate, revenue growth, profit margin, and a slightly lower future P/E, while still seeing the overall valuation as supported by these revised inputs. Valuation Changes Fair Value, trimmed slightly from CN¥18.03 to CN¥17.89 per share.Narrative Update • Apr 19
601166: Higher Revenue Outlook And Margins Will Support Future Upside
Analysts have raised their price target for Industrial Bank to CN¥30.5, citing updated assumptions for higher revenue growth, stronger profit margins, and a lower expected future P/E multiple. Valuation Changes Fair Value: CN¥30.5 is unchanged based on the updated assumptions.Narrative Update • Apr 05
601166: Stronger Margins And Lower P/E Will Support Further Upside
Analysts have trimmed their price target for Industrial Bank to CN¥24.53 from CN¥24.94, citing updated assumptions for higher revenue growth, a stronger profit margin outlook and a lower forward P/E multiple. Valuation Changes Fair Value: Trimmed slightly from CN¥24.94 to CN¥24.53, reflecting updated inputs to the model.Narrative Update • Mar 22
601166: Special Meeting Will Support Future Upside At Current Discount Rate
Analysts have adjusted their price target for Industrial Bank to CN¥30.50, reflecting updated views on its discount rate, revenue growth outlook, profit margins, and forward P/E assumptions. What's in the News Industrial Bank has scheduled a Special and Extraordinary Shareholders Meeting for January 20, 2026, starting at 09:30 China Standard Time, which signals upcoming resolutions that matter for you as a shareholder or potential investor (Key Developments).Narrative Update • Mar 07
601166: Shareholder Meeting Will Support Upside As Fair Value Remains Attractive
Analysts have slightly lowered their price target for Industrial Bank to CN¥24.94. This reflects small adjustments to fair value estimates, discount rate assumptions, and projected P/E levels.Narrative Update • Feb 21
601166: Higher Required Return And January Meeting Will Shape Fairly Balanced Outlook
Analysts have nudged their price target for Industrial Bank slightly higher to CN¥18.03 from CN¥17.95, citing updated assumptions around discount rates, revenue growth, profit margins and forward P/E multiples. What's in the News Industrial Bank has scheduled a Special or Extraordinary Shareholders Meeting for January 20, 2026, at 09:30 China Standard Time.Narrative Update • Feb 07
601166: Higher Discount Rate Will Support Upside Into Extraordinary Shareholder Meeting
Analysts have trimmed their price target for Industrial Bank to US$25.02 from US$25.32, citing updated assumptions that include a higher discount rate, more moderate revenue growth, a slightly lower profit margin and a higher future P/E multiple. What's in the News Industrial Bank has scheduled a Special/Extraordinary Shareholders Meeting for January 20, 2026, at 09:30 China Standard Time.Narrative Update • Jan 24
601166: Special Meeting And Higher Multiple Will Support Future Upside
Analysts have maintained their fair value estimate for Industrial Bank at $30.50. They have adjusted assumptions on the discount rate, revenue growth, profit margin and future P/E, which together shape the updated price target narrative.Narrative Update • Jan 09
601166: Higher Required Return And January Meeting Will Likely Pressure Shares
Analysts have modestly adjusted their price target on Industrial Bank, citing updated assumptions around revenue growth at 17.65%, profit margin at 31.32% and a future P/E of 7.23x as key inputs to their revised valuation of about $17.95 per share. What's in the News Industrial Bank has scheduled a Special or Extraordinary Shareholders Meeting for January 20, 2026, at 09:30 China Standard Time.Narrative Update • Dec 26
601166: Higher Required Return Will Likely Pressure Shares Going Forward
Analysts have modestly lowered their price target on Industrial Bank by approximately 5 percent to reflect a higher required discount rate, slightly softer profit margin expectations, and a richer forward price earnings multiple, despite a marginally stronger revenue growth outlook. Valuation Changes Fair Value: reduced modestly from CN¥18.89 to CN¥17.95, reflecting a slightly lower intrinsic valuation.Narrative Update • Dec 12
601166: Higher Required Return Is Expected To Unlock Upside Potential
Analysts have raised their price target on Industrial Bank to $30.50 from $30.50, effectively reiterating their prior valuation as they balance a higher assumed discount rate and slightly softer long term growth and margin expectations against a richer future earnings multiple. Valuation Changes Fair Value: unchanged at CN¥30.50, indicating no net revision to the intrinsic value estimate.Narrative Update • Sep 18
Digital Initiatives And Regulatory Reforms Will Redefine Banking
Industrial Bank’s consensus price target saw only a marginal decrease as a slight drop in its future P/E ratio was offset by a nearly unchanged discount rate, resulting in a minimal fair value revision from CN¥25.74 to CN¥25.32. What's in the News Industrial Bank to hold a special/extraordinary shareholders meeting on Sep 17, 2025, at its meeting room in Fuzhou, Fujian, China.Narrative Update • Aug 27
Digital Initiatives And Regulatory Reforms Will Redefine Banking
The consensus analyst price target for Industrial Bank increased marginally, as both the discount rate and future P/E remained essentially unchanged, resulting in a slight upward revision of fair value from CN¥24.56 to CN¥25.08. Valuation Changes Summary of Valuation Changes for Industrial Bank The Consensus Analyst Price Target has risen slightly from CN¥24.56 to CN¥25.08.
New Narrative • Mar 30
Digital Initiatives And Regulatory Reforms Will Redefine Banking
Alignment with financial reforms and tech finance could enhance revenue and earnings through capital market involvement.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 601166's dividend payments have been volatile in the past 10 years.
Growing Dividend: 601166's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Industrial Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (601166) | 5.6% |
| Market Bottom 25% (CN) | 0.4% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Banks) | 5.0% |
| Analyst forecast (601166) (up to 3 years) | 6.6% |
Notable Dividend: 601166's dividend (5.62%) is higher than the bottom 25% of dividend payers in the CN market (0.41%).
High Dividend: 601166's dividend (5.62%) is in the top 25% of dividend payers in the CN market (2.16%)
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.9%), 601166's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 601166's dividends in 3 years are forecast to be well covered by earnings (32.1% payout ratio).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/17 16:28 |
| End of Day Share Price | 2026/08/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Industrial Bank Co., Ltd. is covered by 27 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Emma Xu | BofA Global Research |
| Yung Chen | CCB International Securities Limited |
| Ziyu Wang | China International Capital Corporation Limited |