Huzhou Gas Dividend
Dividend criteria checks 2/6
Huzhou Gas is a dividend paying company with a current yield of 5.95% that is well covered by earnings. Next payment date is on 3rd July, 2024 with an ex-dividend date of 11th June, 2024.
Key information
6.0%
Dividend yield
55%
Payout ratio
| Industry average yield | 5.5% |
| Next dividend pay date | 03 Jul 24 |
| Ex dividend date | 11 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | HK$0.55 |
| 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 6661's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 6661's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Huzhou Gas Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (6661) | 6.0% |
| Market Bottom 25% (HK) | 3.4% |
| Market Top 25% (HK) | 8.3% |
| Industry Average (Gas Utilities) | 5.5% |
| Analyst forecast in 3 Years (6661) | n/a |
Notable Dividend: 6661's dividend (5.95%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.45%).
High Dividend: 6661's dividend (5.95%) is low compared to the top 25% of dividend payers in the Hong Kong market (8.26%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54.9%), 6661's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate 6661's cash payout ratio to determine if its dividend payments are covered by cash flows.