China Resources Pharmaceutical Group Dividend
Dividend criteria checks 3/6
China Resources Pharmaceutical Group is a dividend paying company with a current yield of 3.19% that is well covered by earnings. Next payment date is on 19th July, 2024 with an ex-dividend date of 4th June, 2024.
Key information
3.2%
Dividend yield
25%
Payout ratio
| Industry average yield | 3.4% |
| Next dividend pay date | 19 Jul 24 |
| Ex dividend date | 04 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | HK$0.61 |
| Dividend yield forecast in 3Y | 3.7% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 3320 has been paying a dividend for less than 10 years.
Growing Dividend: 3320's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| China Resources Pharmaceutical Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (3320) | 3.2% |
| Market Bottom 25% (HK) | 3.2% |
| Market Top 25% (HK) | 7.8% |
| Industry Average (Pharmaceuticals) | 3.4% |
| Analyst forecast in 3 Years (3320) | 3.7% |
Notable Dividend: 3320's dividend (3.19%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.17%).
High Dividend: 3320's dividend (3.19%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.95%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (25.1%), 3320's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (7.7%), 3320's dividend payments are thoroughly covered by cash flows.