China Resources Gas Group Dividend
What is China Resources Gas Group current dividend yield, its reliability and sustainability?
Dividend Score
4/6Dividend Score 4/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
3.38%
Current Dividend Yield
Dividend Yield vs Market
| China Resources Gas Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2939) | 3.4% |
| Market Bottom 25% (HK) | 3.3% |
| Market Top 25% (HK) | 9.7% |
| Industry Average (Gas Utilities) | 5.0% |
| Analyst forecast in 3 Years (2939) | 3.7% |
Notable Dividend: 2939's dividend (3.38%) is higher than the bottom 25% of dividend payers in the Hong Kong market (2.7%).
High Dividend: 2939's dividend (3.38%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.69%).
Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 12/31/2024 | 1.53 | 10 |
| 12/31/2023 | 1.41 | 15 |
| 12/31/2022 | 1.27 | 15 |
| 6/29/2022 | 1.27 | 3.38 |
| 3/21/2022 | 1.27 | 3.93 |
| 8/23/2021 | 0.93 | 2.32 |
| 5/21/2021 | 0.93 | 1.94 |
| 9/11/2020 | 0.87 | 2.21 |
| 5/22/2020 | 0.87 | 2.26 |
| 3/22/2019 | 0.77 | 1.93 |
| 8/17/2018 | 0.55 | 1.71 |
| 3/23/2018 | 0.55 | 1.78 |
| 8/18/2017 | 0.45 | 1.66 |
| 4/20/2017 | 0.45 | 1.7 |
| 3/28/2017 | 0.45 | 1.66 |
| 4/27/2016 | 0.33 | 1.37 |
| 3/30/2016 | 0.33 | 1.45 |
| 5/29/2015 | 0.25 | 1.17 |
| 8/22/2014 | 0.25 | 1.16 |
| 4/24/2014 | 0.22 | 0.91 |
| 3/13/2014 | 0.22 | 0.91 |
| 8/23/2013 | 0.16 | 0.72 |
| 4/25/2013 | 0.16 | 0.81 |
| 3/13/2013 | 0.16 | 0.76 |
| 8/23/2012 | 0.12 | 0.73 |
| 3/13/2012 | 0.12 | 0.83 |
| 8/23/2011 | 0.1 | 0.88 |
Stable Dividend: 2939's dividends per share have been stable in the past 10 years.
Growing Dividend: 2939's dividend payments have increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45%), 2939's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (109.9%), 2939's dividend payments are not well covered by cash flows.