JiaXing Gas Group Dividend
Dividend criteria checks 4/6
JiaXing Gas Group is a dividend paying company with a current yield of 11.54% that is well covered by earnings. Next payment date is on 5th July, 2024 with an ex-dividend date of 12th June, 2024.
Key information
11.5%
Dividend yield
35%
Payout ratio
| Industry average yield | 4.8% |
| Next dividend pay date | 05 Jul 24 |
| Ex dividend date | 12 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | HK$1.73 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
We Think JiaXing Gas Group's (HKG:9908) Healthy Earnings Might Be Conservative
May 03
Why JiaXing Gas Group's (HKG:9908) Earnings Are Better Than They Seem
May 02Some Confidence Is Lacking In JiaXing Gas Group Co., Ltd.'s (HKG:9908) P/E
Apr 02Could The JiaXing Gas Group Co., Ltd. (HKG:9908) Ownership Structure Tell Us Something Useful?
Feb 17Read This Before Selling JiaXing Gas Group Co., Ltd. (HKG:9908) Shares
Dec 08Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 9908 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 9908's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| JiaXing Gas Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (9908) | 11.5% |
| Market Bottom 25% (HK) | 3.1% |
| Market Top 25% (HK) | 7.5% |
| Industry Average (Gas Utilities) | 4.8% |
| Analyst forecast in 3 Years (9908) | n/a |
Notable Dividend: 9908's dividend (11.54%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.12%).
High Dividend: 9908's dividend (11.54%) is in the top 25% of dividend payers in the Hong Kong market (7.5%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.6%), 9908's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (48.8%), 9908's dividend payments are well covered by cash flows.