Aluminum Corporation of China Dividend
Dividend criteria checks 2/6
Aluminum of China is a dividend paying company with a current yield of 3.07% 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
3.1%
Dividend yield
27%
Payout ratio
| Industry average yield | 3.1% |
| Next dividend pay date | 27 Dec 24 |
| Ex dividend date | 31 Oct 24 |
| Dividend per share | HK$0.164 |
| Earnings per share | HK$0.60 |
| Dividend yield forecast | 2.6% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 2600 has been paying a dividend for less than 10 years.
Growing Dividend: 2600's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Aluminum Corporation of China Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2600) | 3.1% |
| Market Bottom 25% (HK) | 3.4% |
| Market Top 25% (HK) | 8.2% |
| Industry Average (Metals and Mining) | 3.1% |
| Analyst forecast (2600) (up to 3 years) | 2.6% |
Notable Dividend: 2600's dividend (3.07%) isn’t notable compared to the bottom 25% of dividend payers in the Hong Kong market (3.37%).
High Dividend: 2600's dividend (3.07%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.2%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (26.9%), 2600's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (12.7%), 2600's dividend payments are thoroughly covered by cash flows.