Prosperous Industrial (Holdings) Dividend
Dividend criteria checks 2/6
Prosperous Industrial (Holdings) is a dividend paying company with a current yield of 7.82% that is well covered by earnings. Next payment date is on 19th July, 2024 with an ex-dividend date of 24th June, 2024.
Key information
7.8%
Dividend yield
48%
Payout ratio
| Industry average yield | 3.1% |
| Next dividend pay date | 19 Jul 24 |
| Ex dividend date | 24 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | HK$0.013 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
When Should You Buy Prosperous Industrial (Holdings) Limited (HKG:1731)?
May 30
Prosperous Industrial (Holdings)'s (HKG:1731) Returns On Capital Not Reflecting Well On The Business
Dec 22The Returns On Capital At Prosperous Industrial (Holdings) (HKG:1731) Don't Inspire Confidence
Sep 15Prosperous Industrial (Holdings) (HKG:1731) Is Reinvesting At Lower Rates Of Return
Mar 04A Look At The Intrinsic Value Of Prosperous Industrial (Holdings) Limited (HKG:1731)
Dec 20Prosperous Industrial (Holdings) (HKG:1731) Will Be Hoping To Turn Its Returns On Capital Around
Jun 25Here's What To Make Of Prosperous Industrial (Holdings)'s (HKG:1731) Returns On Capital
Feb 22A Look At Prosperous Industrial (Holdings)'s (HKG:1731) Share Price Returns
Dec 31
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 1731 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1731's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Prosperous Industrial (Holdings) Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (1731) | 7.8% |
| Market Bottom 25% (HK) | 3.2% |
| Market Top 25% (HK) | 8.0% |
| Industry Average (Luxury) | 3.1% |
| Analyst forecast in 3 Years (1731) | n/a |
Notable Dividend: 1731's dividend (7.82%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.22%).
High Dividend: 1731's dividend (7.82%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.02%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.2%), 1731's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate 1731's cash payout ratio to determine if its dividend payments are covered by cash flows.