PICC Property and Casualty Dividends and Buybacks
Dividend criteria checks 4/6
PICC Property and Casualty is a dividend paying company with a current yield of 4.4% that is well covered by earnings. Next payment date is on 27th December, 2024 with an ex-dividend date of 31st October, 2024.
Key information
4.4%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 5.7% |
| Dividend Growth | 11.0% |
| Next dividend pay date | 27 Dec 24 |
| Ex dividend date | 31 Oct 24 |
| Dividend per share | HK$0.530 |
| Payout ratio | 48% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 2328's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2328's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| PICC Property and Casualty Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2328) | 4.4% |
| Market Bottom 25% (HK) | 3.3% |
| Market Top 25% (HK) | 8.1% |
| Industry Average (Insurance) | 3.2% |
| Analyst forecast (2328) (up to 3 years) | 5.7% |
Notable Dividend: 2328's dividend (4.4%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.26%).
High Dividend: 2328's dividend (4.4%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.07%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (47.7%), 2328's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (51.1%), 2328's dividend payments are covered by cash flows.