China CITIC Bank Dividends and Buybacks
Dividend criteria checks 5/6
China CITIC Bank is a dividend paying company with a current yield of 8.12% that is well covered by earnings.
Key information
8.1%
Dividend yield
-8.2%
Buyback Yield
| Total Shareholder Yield | -0.09% |
| Future Dividend Yield | 8.3% |
| Dividend Growth | 13.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.369 |
| Payout ratio | 42% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 601998's dividend payments have been volatile in the past 10 years.
Growing Dividend: 601998's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| China CITIC Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (601998) | 8.1% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Banks) | 4.9% |
| Analyst forecast (601998) (up to 3 years) | 8.3% |
Notable Dividend: 601998's dividend (8.12%) is higher than the bottom 25% of dividend payers in the CN market (0.54%).
High Dividend: 601998's dividend (8.12%) is in the top 25% of dividend payers in the CN market (2.14%)
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.8%), 601998's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 601998's dividends in 3 years are forecast to be well covered by earnings (27.8% payout ratio).