Texhong International Group Dividend
Dividend criteria checks 3/6
Texhong International Group is a dividend paying company with a current yield of 5.33% that is well covered by earnings. Next payment date is on 18th October, 2024 with an ex-dividend date of 23rd September, 2024.
Key information
5.3%
Dividend yield
32%
Payout ratio
| Industry average yield | 3.8% |
| Next dividend pay date | 18 Oct 24 |
| Ex dividend date | 23 Sep 24 |
| Dividend per share | HK$0.200 |
| Earnings per share | HK$0.70 |
| Dividend yield forecast in 3Y | 7.3% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 2678's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2678's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Texhong International Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2678) | 5.3% |
| Market Bottom 25% (HK) | 3.5% |
| Market Top 25% (HK) | 8.4% |
| Industry Average (Luxury) | 3.8% |
| Analyst forecast in 3 Years (2678) | 7.3% |
Notable Dividend: 2678's dividend (5.33%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.5%).
High Dividend: 2678's dividend (5.33%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.37%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.2%), 2678's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (15%), 2678's dividend payments are well covered by cash flows.