Tian Lun Gas Holdings is a dividend paying company with a current yield of 3.94% that is well covered by earnings. Next payment date is on 21st June, 2024 with an ex-dividend date of 31st May, 2024.
Key information
3.9%
Dividend yield
36%
Payout ratio
Industry average yield
5.2%
Next dividend pay date
21 Jun 24
Ex dividend date
31 May 24
Dividend per share
n/a
Earnings per share
HK$0.49
Dividend yield forecast in 3Y
4.9%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 1600 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1600's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
Tian Lun Gas Holdings Dividend Yield vs Market
How does 1600 dividend yield compare to the market?
Segment
Dividend Yield
Company (1600)
3.9%
Market Bottom 25% (HK)
3.2%
Market Top 25% (HK)
7.8%
Industry Average (Gas Utilities)
5.2%
Analyst forecast in 3 Years (1600)
4.9%
Notable Dividend: 1600's dividend (3.94%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.17%).
High Dividend: 1600's dividend (3.94%) 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 (35.6%), 1600's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (24.4%), 1600's dividend payments are well covered by cash flows.