New China Life Insurance Dividend
Dividend criteria checks 5/6
New China Life Insurance is a dividend paying company with a current yield of 2.73% that is well covered by earnings. Next payment date is on 9th August, 2024 with an ex-dividend date of 9th August, 2024.
Key information
2.7%
Dividend yield
39%
Payout ratio
| Industry average yield | 3.5% |
| Next dividend pay date | 09 Aug 24 |
| Ex dividend date | 09 Aug 24 |
| Dividend per share | CN¥0.850 |
| Earnings per share | CN¥2.16 |
| Dividend yield forecast in 3Y | 4.1% |
Recent dividend updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 601336's dividend payments have been volatile in the past 10 years.
Growing Dividend: 601336's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| New China Life Insurance Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (601336) | 2.7% |
| Market Bottom 25% (CN) | 0.7% |
| Market Top 25% (CN) | 2.6% |
| Industry Average (Insurance) | 3.5% |
| Analyst forecast in 3 Years (601336) | 4.1% |
Notable Dividend: 601336's dividend (2.73%) is higher than the bottom 25% of dividend payers in the CN market (0.7%).
High Dividend: 601336's dividend (2.73%) is in the top 25% of dividend payers in the CN market (2.58%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.4%), 601336's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (3%), 601336's dividend payments are thoroughly covered by cash flows.