Jy Gas Dividend
Dividend criteria checks 3/6
Jy Gas is a dividend paying company with a current yield of 7.91% that is well covered by earnings. Next payment date is on 9th August, 2024 with an ex-dividend date of 19th June, 2024.
Key information
7.9%
Dividend yield
54%
Payout ratio
| Industry average yield | 5.2% |
| Next dividend pay date | 09 Aug 24 |
| Ex dividend date | 19 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | HK$0.056 |
| Dividend yield forecast in 3Y | n/a |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 1407's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 1407's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Jy Gas Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (1407) | 7.9% |
| Market Bottom 25% (HK) | 3.2% |
| Market Top 25% (HK) | 7.8% |
| Industry Average (Gas Utilities) | 5.2% |
| Analyst forecast in 3 Years (1407) | n/a |
Notable Dividend: 1407's dividend (7.91%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.16%).
High Dividend: 1407's dividend (7.91%) is in the top 25% of dividend payers in the Hong Kong market (7.82%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (53.7%), 1407's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate 1407's cash payout ratio to determine if its dividend payments are covered by cash flows.