CGN New Energy Holdings Dividend
Dividend criteria checks 2/6
CGN New Energy Holdings is a dividend paying company with a current yield of 4.74% that is well covered by earnings. Next payment date is on 21st June, 2024 with an ex-dividend date of 5th June, 2024.
Key information
4.7%
Dividend yield
25%
Payout ratio
| Industry average yield | 3.7% |
| Next dividend pay date | 21 Jun 24 |
| Ex dividend date | 05 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | HK$0.062 |
| Dividend yield forecast in 3Y | 7.4% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 1811 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 1811's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| CGN New Energy Holdings Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (1811) | 4.7% |
| Market Bottom 25% (HK) | 3.1% |
| Market Top 25% (HK) | 7.5% |
| Industry Average (Renewable Energy) | 3.7% |
| Analyst forecast in 3 Years (1811) | 7.4% |
Notable Dividend: 1811's dividend (4.74%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.08%).
High Dividend: 1811's dividend (4.74%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.52%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (25%), 1811's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (166.6%), 1811's dividend payments are not well covered by cash flows.