CIHKY (China Merchants Bank Co) Dividend Payout Ratio: 0.67 (As of Mar. 2026) — 131% Above Median

What is China Merchants Bank Co Dividend Payout Ratio?

China Merchants Bank Co CIHKY -0.33% 69 Dividend Payout Ratio is 0.67 as of Mar. 2026, which is 131% above its 10-year median of 0.29. GuruFocus rates CIHKY with a GF Score™ of 69/100 and a GF Value™ of $30.90 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,172 Banks companies, China Merchants Bank Co ranks worse than 79.95% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. China Merchants Bank Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.67.

The historical rank and industry rank for China Merchants Bank Co's Dividend Payout Ratio or its related term are showing as below:

CIHKY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.29 Max: 0.52
Current: 0.52

During the past 13 years, the highest Dividend Payout Ratio of China Merchants Bank Co was 0.52. The lowest was 0.26. And the median was 0.29.

CIHKY's Dividend Payout Ratio is ranked worse than
79.95% of 1172 companies
in the Banks industry
Industry Median: 0.32 vs CIHKY: 0.52

As of today (2026-06-29), the Dividend Yield % of China Merchants Bank Co is 7.37%.

During the past 13 years, the highest Trailing Annual Dividend Yield of China Merchants Bank Co was 8.37%. The lowest was 2.05%. And the median was 3.60%.

China Merchants Bank Co's Dividends per Share for the months ended in Mar. 2026 was $0.72.

During the past 12 months, China Merchants Bank Co's average Dividends Per Share Growth Rate was 52.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of China Merchants Bank Co was 64.20% per year. The lowest was 3.70% per year. And the median was 16.85% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

China Merchants Bank Co (OTCPK:CIHKY) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

China Merchants Bank Co Dividend Payout Ratio Related Terms

China Merchants Bank Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for China Merchants Bank Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

China Merchants Bank Co Dividend Payout Ratio Chart

China Merchants Bank Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.27

0.29

0.31

0.36

0.35

China Merchants Bank Co Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	1.42	0.00	0.00	0.67

China Merchants Bank Co Dividend Payout Ratio Competitor Comparison

For the Banks - Regional subindustry, China Merchants Bank Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

China Merchants Bank Co Dividend Payout Ratio vs Banks Industry

For the Banks industry and Financial Services sector, China Merchants Bank Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where China Merchants Bank Co's Dividend Payout Ratio falls into.

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69GF Score

China Merchants Bank Co Ltd CIHKY

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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China Merchants Bank Co Dividend Payout Ratio Calculation

China Merchants Bank Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.418	/	4.046
	=	0.35

China Merchants Bank Co's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.72	/	1.081
	=	0.67

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.67 mean?

China Merchants Bank Co (CIHKY) has a Dividend Payout Ratio of 0.67 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on China Merchants Bank Co and its competitors. This is 131% above median its historical median of 0.29. Over the past decade, China Merchants Bank Co's Dividend Payout Ratio has ranged from 0.26 to 0.52. According to the industry distribution chart, China Merchants Bank Co ranks #937 out of 1172 companies in the Banks industry, placing it in the top 79.9%.

Is China Merchants Bank Co's Dividend Payout Ratio too high?

China Merchants Bank Co's current Dividend Payout Ratio of 0.67 is 131% above median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.26 to a high of 0.52. The Banks industry median Dividend Payout Ratio is 0.32. China Merchants Bank Co's value of 0.67 is 109.4% above this industry median. Based on the distribution chart, China Merchants Bank Co ranks #937 out of 1172 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, China Merchants Bank Co has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does China Merchants Bank Co's Dividend Payout Ratio compare to competitors?

According to the Banks industry distribution chart, China Merchants Bank Co ranks #937 out of 1172 companies for Dividend Payout Ratio. This places China Merchants Bank Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.32. China Merchants Bank Co's value of 0.67 is 109.4% above this benchmark. Historically, China Merchants Bank Co's own Dividend Payout Ratio has ranged from 0.26 to 0.52 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 0.32, China Merchants Bank Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Banks company?

The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,172 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Merchants Bank Co's current Dividend Payout Ratio of 0.67 is 109.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on China Merchants Bank Co and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Merchants Bank Co's current Dividend Payout Ratio is 0.67, which is 131% above median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is China Merchants Bank Co stock overvalued right now?

Based on GuruFocus' analysis, China Merchants Bank Co (CIHKY) is currently considered Fairly Valued. The stock's GF Value™ is $30.90, compared to a current price of $28.60 — trading 7.5% below its estimated fair value. The current Dividend Payout Ratio is 0.67, which is 131% above median its 10-year median of 0.29 and 109.4% above the Banks industry median of 0.32. China Merchants Bank Co's overall GF Score™ is 69/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For China Merchants Bank Co (CIHKY), the current Dividend Payout Ratio is 0.67 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China Merchants Bank Co (CIHKY) Overvalued in 2026?

Based on GuruFocus' analysis, China Merchants Bank Co stock appears to be undervalued. The current stock price of $28.60 is trading 7.5% below its estimated GF Value™ of $30.90. GuruFocus considers China Merchants Bank Co to be Fairly Valued.

Key valuation signals for CIHKY:

Dividend Payout Ratio: 0.67 (131% above median its 10-year median of 0.29)
GF Value™: $30.90 vs. price of $28.60 (7.5% below fair value)
GF Score™: 69/100 with 2 warning signs
Industry Position: 109.4% above the Banks median (#937 of 1172)

No single metric tells the full story. See the CIHKY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

China Merchants Bank Co Business Description

Industry Financial Services Banks

Comparable Companies SHSE:601998 SHSE:601166 SHSE:600000 SZSE:002142 SHSE:600919 SZSE:000001 SHSE:601818 SHSE:600016 SHSE:601009 SHSE:601229 SGX:D05 MIL:UCG XPAR:BNP NSE:HDFCBANK MIL:ISP TSE:8411 SAU:1120 NSE:ICICIBANK NSE:SBIN XMAD:CABK

Other Exchanges CIHHF:USA 03968:Hong Kong M4B:Germany 600036:China

Address No. 7088, Shennan Boulevard, 26th Floor, China Merchants Bank Building, Futian District, Guangdong Province, Shenzhen, CHN, 518040

Website https://www.cmbchina.com

China Merchants Bank was founded in 1987 and is headquartered in Shenzhen. The bank is China's seventh-largest listed bank by assets, with the largest distribution network among China's joint-stock banks. CMB's network has been expanding rapidly. Its outlets are located mainly in China's more developed areas, including the Pearl River and Yangtze River deltas. The firm has 18% and 82% of its shares listed on the Hong Kong and Shanghai exchanges, respectively. It has no foreign strategic investors. China Merchants Group is its largest shareholder, with a 30% stake. Retail banking, corporate banking, and wholesale banking accounted for 49%, 51%, and 0% of total profit before tax, respectively, and 40%, 58%, and 2% of total revenue in 2024.

69GF Score

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$28.60

Price

$30.90

GF Value

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