China Merchants Securities Dividends and Buybacks
Dividend criteria checks 3/6
China Merchants Securities is a dividend paying company with a current yield of 1.03% that is well covered by earnings.
Key information
1.0%
Dividend yield
9.1%
Buyback Yield
| Total Shareholder Yield | 10.2% |
| Future Dividend Yield | 2.0% |
| Dividend Growth | -2.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.202 |
| Payout ratio | 34% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 600999's dividend payments have been volatile in the past 10 years.
Growing Dividend: 600999's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| China Merchants Securities Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (600999) | 1.0% |
| Market Bottom 25% (CN) | 0.5% |
| Market Top 25% (CN) | 2.1% |
| Industry Average (Capital Markets) | 1.1% |
| Analyst forecast (600999) (up to 3 years) | 2.0% |
Notable Dividend: 600999's dividend (1.03%) is higher than the bottom 25% of dividend payers in the CN market (0.54%).
High Dividend: 600999's dividend (1.03%) is low compared to the top 25% of dividend payers in the CN market (2.13%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.4%), 600999's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (1.9%), 600999's dividend payments are thoroughly covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 05:58 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| 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 here.
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 .
Analyst Sources
China Merchants Securities Co., Ltd. is covered by 33 analysts. 7 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 |
|---|---|
| Sau Shing Chow | ABCI Securities Company Limited |
| Susie Liu | BofA Global Research |
| Yung Chen | CCB International Securities Limited |