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. Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.00.
The historical rank and industry rank for Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio or its related term are showing as below:
SHSE:600023'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.46 Med: 0.6 Max: 0.74
Current: 0.58
During the past 13 years, the highest Dividend Payout Ratio of Zhejiang Zheneng Electric Power Co was 0.74. The lowest was 0.46. And the median was 0.60.
SHSE:600023's Dividend Payout Ratio is ranked worse than 64.44% of 180
companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.44
vs SHSE:600023: 0.58
During the past 13 years, the highest Trailing Annual Dividend Yield of Zhejiang Zheneng Electric Power Co was 8.93%. The lowest was 3.36%. And the median was 5.02%.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Zhejiang Zheneng Electric Power Co was 24.90% per year. The lowest was -12.60% per year. And the median was -0.50% 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.
Zhejiang Zheneng Electric Power Co (SHSE:600023) 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.
Zhejiang Zheneng Electric Power Co Dividend Payout Ratio Related Terms
Zhejiang Zheneng Electric Power Co Dividend Payout Ratio Historical Data
* 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.
Zhejiang Zheneng Electric Power Co Dividend Payout Ratio Chart
SHSE:600023 vs CEG, VST, NRG: Dividend Payout Ratio Comparison
For the Utilities - Independent Power Producers subindustry, Zhejiang Zheneng Electric Power 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.
Zhejiang Zheneng Electric Power Co Dividend Payout Ratio vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio falls into.
Zhejiang Zheneng Electric Power 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.
* 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.
Zhejiang Zheneng Electric Power Co (SHSE:600023) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Zhejiang Zheneng Electric Power Co and its competitors. Over the past decade, Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio has ranged from 0.46 to 0.74. According to the industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #116 out of 180 companies in the Utilities - Independent Power Producers industry, placing it in the top 64.4%.
Is Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio too high?
Zhejiang Zheneng Electric Power Co's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.74. Based on the distribution chart, Zhejiang Zheneng Electric Power Co ranks #116 out of 180 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Zhejiang Zheneng Electric Power Co has a GF Score™ of 75/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #116 out of 180 companies for Dividend Payout Ratio. This places Zhejiang Zheneng Electric Power Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.44. Historically, Zhejiang Zheneng Electric Power Co's own Dividend Payout Ratio has ranged from 0.46 to 0.74 over the past decade. 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 an Utilities - Independent Power Producers company?
The median Dividend Payout Ratio among Utilities - Independent Power Producers companies is 0.44, based on 180 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. 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 Zhejiang Zheneng Electric Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Zhejiang Zheneng Electric Power Co's current Dividend Payout Ratio is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Zhejiang Zheneng Electric Power Co stock overvalued right now?
Based on GuruFocus' analysis, Zhejiang Zheneng Electric Power Co (SHSE:600023) is currently considered Fairly Valued. The stock's GF Value™ is ¥4.84, compared to a current price of ¥5.31 — trading 9.7% above its estimated fair value. The current Dividend Payout Ratio is 0.00. Zhejiang Zheneng Electric Power Co's overall GF Score™ is 75/100 with 3 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 Zhejiang Zheneng Electric Power Co (SHSE:600023), the current Dividend Payout Ratio is 0.00 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 Zhejiang Zheneng Electric Power Co (SHSE:600023) Overvalued in 2026?
Based on GuruFocus' analysis, Zhejiang Zheneng Electric Power Co stock appears to be overvalued.
The current stock price of ¥5.31 is trading 9.7% above its estimated GF Value™ of ¥4.84.
GuruFocus considers Zhejiang Zheneng Electric Power Co to be Fairly Valued.
Key valuation signals for SHSE:600023:
Dividend Payout Ratio: 0.00
GF Value™: ¥4.84 vs. price of ¥5.31 (9.7% above fair value)
No single metric tells the full story. See the SHSE:600023 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Zhejiang Zheneng Electric Power Co Business Description
AddressNo. 36, Zijinghua Road, 10th Floor, Building A, Zhejiang Energy Science and Technology Innovation Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310013
Zhejiang Zheneng Electric Power Co Ltd is engaged in the thermal power generation business in China. It also provides thermal products, as well as invests in nuclear power.
75GF Score
Get the complete analysis for SHSE:600023
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
SHSE:600023 has been successfully added to your 
