China Longyuan Power Group is a dividend paying company with a current yield of 3.92% that is well covered by earnings. Next payment date is on 6th August, 2024 with an ex-dividend date of 12th June, 2024.
Key information
3.9%
Dividend yield
30%
Payout ratio
Industry average yield
4.0%
Next dividend pay date
06 Aug 24
Ex dividend date
12 Jun 24
Dividend per share
n/a
Earnings per share
HK$0.75
Dividend yield forecast in 3Y
5.8%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 916's dividend payments have been volatile in the past 10 years.
Growing Dividend: 916's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
China Longyuan Power Group Dividend Yield vs Market
How does 916 dividend yield compare to the market?
Segment
Dividend Yield
Company (916)
3.9%
Market Bottom 25% (HK)
3.2%
Market Top 25% (HK)
7.8%
Industry Average (Renewable Energy)
4.0%
Analyst forecast in 3 Years (916)
5.8%
Notable Dividend: 916's dividend (3.92%) is higher than the bottom 25% of dividend payers in the Hong Kong market (3.22%).
High Dividend: 916's dividend (3.92%) is low compared to the top 25% of dividend payers in the Hong Kong market (7.84%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.7%), 916's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 916 is paying a dividend but the company has no free cash flows.