China Zheshang Bank is a dividend paying company with a current yield of 7.52% that is well covered by earnings. Next payment date is on 15th July, 2024 with an ex-dividend date of 14th June, 2024.
Key information
7.5%
Dividend yield
30%
Payout ratio
Industry average yield
6.7%
Next dividend pay date
15 Jul 24
Ex dividend date
14 Jun 24
Dividend per share
n/a
Earnings per share
HK$0.52
Dividend yield forecast in 3Y
8.3%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 2016 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2016's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
China Zheshang Bank Dividend Yield vs Market
How does 2016 dividend yield compare to the market?
Segment
Dividend Yield
Company (2016)
7.5%
Market Bottom 25% (HK)
3.1%
Market Top 25% (HK)
7.4%
Industry Average (Banks)
6.7%
Analyst forecast in 3 Years (2016)
8.3%
Notable Dividend: 2016's dividend (7.52%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.07%).
High Dividend: 2016's dividend (7.52%) is in the top 25% of dividend payers in the Hong Kong market (7.43%)
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.6%), 2016's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.