China New Town Development Co (HKSE:01278) Dividend Payout Ratio: 0.67 (As of Dec. 2025) — 22% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is China New Town Development Co Dividend Payout Ratio?

China New Town Development Co HKSE:01278 -4.23% Dividend Payout Ratio is 0.67 as of Dec. 2025, which is 22% above its 10-year median of 0.55. The stock has 6 warning signs investors should review. Among 720 Real Estate companies, China New Town Development Co ranks worse than 78.33% 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 New Town Development Co's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.67.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of China New Town Development Co Ltd is 0.75, which seems too high.

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

HKSE:01278' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.55   Max: 1.67
Current: 0.75

During the past 13 years, the highest Dividend Payout Ratio of China New Town Development Co was 1.67. The lowest was 0.20. And the median was 0.55.

HKSE:01278's Dividend Payout Ratio is ranked worse than
78.33% of 720 companies
in the Real Estate industry
Industry Median: 0.39 vs HKSE:01278: 0.75

As of today (2026-09-01), the Dividend Yield % of China New Town Development Co is 5.77%.

During the past 13 years, the highest Trailing Annual Dividend Yield of China New Town Development Co was 10.00%. The lowest was 2.19%. And the median was 4.65%.

China New Town Development Co's Dividends per Share for the months ended in Dec. 2025 was HK$0.00.

During the past 12 months, China New Town Development Co's average Dividends Per Share Growth Rate was 100.00% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of China New Town Development Co was -26.30% per year. The lowest was -26.30% per year. And the median was -26.30% 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 New Town Development Co (HKSE:01278) 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 New Town Development Co Dividend Payout Ratio Related Terms

China New Town Development Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for China New Town Development 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 New Town Development Co Dividend Payout Ratio Chart

China New Town Development Co Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.20 0.43 0.67

China New Town Development Co Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.00 0.00 3.00 0.80 0.67

China New Town Development Co Dividend Payout Ratio Competitor Comparison

For the Real Estate - Development subindustry, China New Town Development 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 New Town Development Co Dividend Payout Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, China New Town Development Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where China New Town Development Co's Dividend Payout Ratio falls into.


China New Town Development Co Dividend Payout Ratio Calculation

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 New Town Development 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 )
=0.006/ 0.009
=0.67

China New Town Development Co's Dividend Payout Ratio for the quarter that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2025 )/ EPS without NRI (Q: Dec. 2025 )
=0.002/ 0.003
=0.67

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.67 mean?
China New Town Development Co (HKSE:01278) has a Dividend Payout Ratio of 0.67 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on China New Town Development Co and its competitors. This is 22% above median its historical median of 0.55. Over the past decade, China New Town Development Co's Dividend Payout Ratio has ranged from 0.20 to 1.67. According to the industry distribution chart, China New Town Development Co ranks #564 out of 720 companies in the Real Estate industry, placing it in the top 78.3%.
Is China New Town Development Co's Dividend Payout Ratio too high?
China New Town Development Co's current Dividend Payout Ratio of 0.67 is 22% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 1.67. The Real Estate industry median Dividend Payout Ratio is 0.39. China New Town Development Co's value of 0.67 is 71.8% above this industry median. Based on the distribution chart, China New Town Development Co ranks #564 out of 720 companies in the Real Estate industry, which is in the bottom quartile relative to peers.
How does China New Town Development Co's Dividend Payout Ratio compare to competitors?
According to the Real Estate industry distribution chart, China New Town Development Co ranks #564 out of 720 companies for Dividend Payout Ratio. This places China New Town Development Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.39. China New Town Development Co's value of 0.67 is 71.8% above this benchmark. Historically, China New Town Development Co's own Dividend Payout Ratio has ranged from 0.20 to 1.67 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.39, China New Town Development 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 Real Estate company?
The median Dividend Payout Ratio among Real Estate companies is 0.39, based on 720 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 New Town Development Co's current Dividend Payout Ratio of 0.67 is 71.8% 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 New Town Development Co and its competitors. For the Real Estate industry, the median Dividend Payout Ratio is 0.39 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China New Town Development Co's current Dividend Payout Ratio is 0.67, which is 22% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China New Town Development Co stock overvalued right now?
Based on GuruFocus' analysis, China New Town Development Co (HKSE:01278) is currently considered Fairly Valued. The stock's GF Value™ is HK$0.07, compared to a current price of HK$0.07 — trading 2.9% below its estimated fair value. The current Dividend Payout Ratio is 0.67, which is 22% above median its 10-year median of 0.55 and 71.8% above the Real Estate industry median of 0.39. 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 New Town Development Co (HKSE:01278), the current Dividend Payout Ratio is 0.67 as of Dec. 2025. 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.

China New Town Development Co Business Description

Address 18 Harbour Road, Suite 6508, Central Plaza, Wanchai, Hong Kong, HKG
China New Town Development Co Ltd is engaged in urbanization investment and real estate-related businesses in Mainland China. The company has four operating segments: Urbanization Investment, Property Leasing, Building Construction, and Others. The Urbanization Investment segment is responsible for fixed-income projects related to new-type urbanization. The Property Leasing segment provides leasing services for investment properties, while the Building Construction segment is engaged in the construction of ancillary public facilities. The Others segment includes the provision of other services. The company derives the majority of its revenue from the Urbanization Investment segment.