First Tractor Dividend
Dividend criteria checks 4/6
First Tractor is a dividend paying company with a current yield of 3.96% that is well covered by earnings. Next payment date is on 31st July, 2024 with an ex-dividend date of 31st May, 2024.
Key information
4.0%
Dividend yield
32%
Payout ratio
Industry average yield | 3.2% |
Next dividend pay date | 31 Jul 24 |
Ex dividend date | 31 May 24 |
Dividend per share | n/a |
Earnings per share | HK$0.99 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 38's dividend payments have been volatile in the past 10 years.
Growing Dividend: 38's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
First Tractor Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (38) | 4.0% |
Market Bottom 25% (HK) | 3.1% |
Market Top 25% (HK) | 7.5% |
Industry Average (Machinery) | 3.2% |
Analyst forecast in 3 Years (38) | n/a |
Notable Dividend: 38's dividend (3.96%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.14%).
High Dividend: 38's dividend (3.96%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.53%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.3%), 38's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (34.5%), 38's dividend payments are well covered by cash flows.