Postal Savings Bank of China is a dividend paying company with a current yield of 6.98% that is well covered by earnings. Next payment date is on 8th August, 2024 with an ex-dividend date of 3rd July, 2024.
Key information
7.0%
Dividend yield
31%
Payout ratio
Industry average yield
7.6%
Next dividend pay date
08 Aug 24
Ex dividend date
03 Jul 24
Dividend per share
n/a
Earnings per share
HK$0.82
Dividend yield forecast in 3Y
7.7%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 1658 has been paying a dividend for less than 10 years.
Growing Dividend: 1658's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
Postal Savings Bank of China Dividend Yield vs Market
How does 1658 dividend yield compare to the market?
Segment
Dividend Yield
Company (1658)
7.0%
Market Bottom 25% (HK)
3.3%
Market Top 25% (HK)
8.1%
Industry Average (Banks)
7.6%
Analyst forecast in 3 Years (1658)
7.7%
Notable Dividend: 1658's dividend (6.98%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.29%).
High Dividend: 1658's dividend (6.98%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.07%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.4%), 1658's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 1658's dividends in 3 years are forecast to be well covered by earnings (30% payout ratio).