China CITIC Bank Dividend
Dividend criteria checks 5/6
China CITIC Bank is a dividend paying company with a current yield of 8.5% that is well covered by earnings. Next payment date is on 18th July, 2024 with an ex-dividend date of 25th June, 2024.
Key information
8.5%
Dividend yield
28%
Payout ratio
| Industry average yield | 7.5% |
| Next dividend pay date | 18 Jul 24 |
| Ex dividend date | 25 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | HK$1.17 |
| Dividend yield forecast in 3Y | 9.8% |
Recent dividend updates
Recent updates
Here's Why China CITIC Bank (HKG:998) Has Caught The Eye Of Investors
Feb 29
Should You Be Adding China CITIC Bank (HKG:998) To Your Watchlist Today?
Nov 13Should You Be Adding China CITIC Bank (HKG:998) To Your Watchlist Today?
Jul 30China CITIC Bank's (HKG:998) Upcoming Dividend Will Be Larger Than Last Year's
Jun 25Here's Why We Think China CITIC Bank (HKG:998) Is Well Worth Watching
Apr 26China CITIC Bank (HKG:998) Ticks All The Boxes When It Comes To Earnings Growth
Jan 03Here's Why We Think China CITIC Bank (HKG:998) Is Well Worth Watching
Jan 09I Built A List Of Growing Companies And China CITIC Bank (HKG:998) Made The Cut
Sep 25China CITIC Bank Corporation Limited (HKG:998) Is Yielding 7.6% - But Is It A Buy?
Feb 23How Much Did China CITIC Bank's(HKG:998) Shareholders Earn From Share Price Movements Over The Last Three Years?
Dec 30Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 998's dividend payments have been volatile in the past 10 years.
Growing Dividend: 998'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 (998) | 8.5% |
| Market Bottom 25% (HK) | 3.2% |
| Market Top 25% (HK) | 7.8% |
| Industry Average (Banks) | 7.5% |
| Analyst forecast in 3 Years (998) | 9.8% |
Notable Dividend: 998's dividend (8.5%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.16%).
High Dividend: 998's dividend (8.5%) is in the top 25% of dividend payers in the Hong Kong market (7.82%)
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28%), 998's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 998's dividends in 3 years are forecast to be well covered by earnings (27.6% payout ratio).