Chongqing Rural Commercial Bank Dividends and Buybacks
Dividend criteria checks 5/6
Chongqing Rural Commercial Bank is a dividend paying company with a current yield of 6.78% that is well covered by earnings. Next payment date is on 23rd January, 2025 with an ex-dividend date of 18th December, 2024.
Key information
6.8%
Dividend yield
0%
Buyback Yield
| Total Shareholder Yield | 6.8% |
| Future Dividend Yield | 7.8% |
| Dividend Growth | 6.3% |
| Next dividend pay date | 23 Jan 25 |
| Ex dividend date | 18 Dec 24 |
| Dividend per share | HK$0.317 |
| Payout ratio | 30% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 3618's dividends per share have been stable in the past 10 years.
Growing Dividend: 3618's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Chongqing Rural Commercial Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (3618) | 6.8% |
| Market Bottom 25% (HK) | 3.2% |
| Market Top 25% (HK) | 8.0% |
| Industry Average (Banks) | 6.2% |
| Analyst forecast (3618) (up to 3 years) | 7.8% |
Notable Dividend: 3618's dividend (6.78%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.23%).
High Dividend: 3618's dividend (6.78%) is low compared to the top 25% of dividend payers in the Hong Kong market (8%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.8%), 3618's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 3618's dividends in 3 years are forecast to be well covered by earnings (30.3% payout ratio).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 02:45 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Chongqing Rural Commercial Bank Co., Ltd. is covered by 53 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Meizhi Yan | Barclays |
| Judy Zhang | BNP Paribas Securities (Asia) |
| Cho Ming Lau | BOCI Research Ltd. |