China Merchants Securities Dividend
Dividend criteria checks 3/6
China Merchants Securities is a dividend paying company with a current yield of 1.68% that is well covered by earnings. Next payment date is on 20th September, 2024 with an ex-dividend date of 20th September, 2024.
Key information
1.7%
Dividend yield
27%
Payout ratio
| Industry average yield | 1.7% |
| Next dividend pay date | 20 Sep 24 |
| Ex dividend date | 20 Sep 24 |
| Dividend per share | CN¥0.252 |
| Earnings per share | CN¥0.93 |
| Dividend yield forecast | 2.3% |
Recent dividend updates
Upcoming Dividend Payment
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) | 1.7% |
| Market Bottom 25% (CN) | 0.8% |
| Market Top 25% (CN) | 2.8% |
| Industry Average (Capital Markets) | 1.7% |
| Analyst forecast (600999) (up to 3 years) | 2.3% |
Notable Dividend: 600999's dividend (1.68%) is higher than the bottom 25% of dividend payers in the CN market (0.76%).
High Dividend: 600999's dividend (1.68%) is low compared to the top 25% of dividend payers in the CN market (2.81%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.1%), 600999's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.1%), 600999's dividend payments are well covered by cash flows.