Industrial and Commercial Bank of China Dividend
Dividend criteria checks 5/6
Industrial and Commercial Bank of China is a dividend paying company with a current yield of 7.98% that is well covered by earnings. Next payment date is on 19th August, 2024 with an ex-dividend date of 8th July, 2024.
Key information
8.0%
Dividend yield
31%
Payout ratio
| Industry average yield | 7.6% |
| Next dividend pay date | 19 Aug 24 |
| Ex dividend date | 08 Jul 24 |
| Dividend per share | n/a |
| Earnings per share | HK$0.98 |
| Dividend yield forecast in 3Y | 8.7% |
Recent dividend updates
Recent updates
Should Industrial and Commercial Bank of China Limited (HKG:1398) Be Part Of Your Dividend Portfolio?
Feb 26
What Is The Ownership Structure Like For Industrial and Commercial Bank of China Limited (HKG:1398)?
Jan 22Reflecting on Industrial and Commercial Bank of China's (HKG:1398) Share Price Returns Over The Last Three Years
Dec 18You Have To Love Industrial and Commercial Bank of China Limited's (HKG:1398) Dividend
Nov 22Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 1398's dividends per share have been stable in the past 10 years.
Growing Dividend: 1398's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Industrial and Commercial Bank of China Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (1398) | 8.0% |
| Market Bottom 25% (HK) | 3.4% |
| Market Top 25% (HK) | 8.1% |
| Industry Average (Banks) | 7.6% |
| Analyst forecast in 3 Years (1398) | 8.7% |
Notable Dividend: 1398's dividend (7.98%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.38%).
High Dividend: 1398's dividend (7.98%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.1%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.3%), 1398's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1398's dividends in 3 years are forecast to be well covered by earnings (31.2% payout ratio).