New China Life Insurance Dividends and Buybacks
Dividend criteria checks 3/6
New China Life Insurance is a dividend paying company with a current yield of 2.19% that is well covered by earnings. Next payment date is on 29th November, 2024 with an ex-dividend date of 14th November, 2024.
Key information
2.2%
Dividend yield
11.4%
Buyback Yield
| Total Shareholder Yield | 13.6% |
| Future Dividend Yield | 2.5% |
| Dividend Growth | 13.9% |
| Next dividend pay date | 29 Nov 24 |
| Ex dividend date | 14 Nov 24 |
| Dividend per share | HK$1.177 |
| Payout ratio | 22% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 1336's dividend payments have been volatile in the past 10 years.
Growing Dividend: 1336's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| New China Life Insurance Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (1336) | 2.2% |
| Market Bottom 25% (HK) | 3.2% |
| Market Top 25% (HK) | 8.0% |
| Industry Average (Insurance) | 3.1% |
| Analyst forecast (1336) (up to 3 years) | 2.5% |
Notable Dividend: 1336's dividend (2.19%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (3.22%).
High Dividend: 1336's dividend (2.19%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.04%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (21.9%), 1336's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (3.4%), 1336's dividend payments are thoroughly covered by cash flows.