Zhejiang Zheneng Electric Power Co (SHSE:600023) Dividend Payout Ratio : 1.21 (As of Sep. 2024)

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What is Zhejiang Zheneng Electric Power Co Dividend Payout Ratio?

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 Sep. 2024 was 1.21.

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: 0.24 Med: 0.58 Max: 0.74
Current: 0.44

During the past 13 years, the highest Dividend Payout Ratio of Zhejiang Zheneng Electric Power Co was 0.74. The lowest was 0.24. And the median was 0.58.

SHSE:600023's Dividend Payout Ratio is ranked better than
53.09% of 194 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.46 vs SHSE:600023: 0.44

As of today (2024-12-14), the Dividend Yield % of Zhejiang Zheneng Electric Power Co is 4.36%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Zhejiang Zheneng Electric Power Co was 8.93%. The lowest was 0.89%. And the median was 4.71%.

Zhejiang Zheneng Electric Power Co's Dividends per Share for the months ended in Sep. 2024 was ¥0.25.

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 -4.60% 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 Dividend Payout Ratio Historical Data

The historical data trend for Zhejiang Zheneng Electric Power 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.

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Zhejiang Zheneng Electric Power Co Dividend Payout Ratio Chart

Zhejiang Zheneng Electric Power Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.58

0.47

Zhejiang Zheneng Electric Power Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															-	-	-	-	1.21

Competitive Comparison of Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio

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's Dividend Payout Ratio Distribution in the 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

Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0	/	0.46
	=	0.00

Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	0.25	/	0.207
	=	1.21

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

Thank you for viewing the detailed overview of Zhejiang Zheneng Electric Power Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Zhejiang Zheneng Electric Power Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Zhejiang Zheneng Electric Power Co Ltd (SHSE:600023) » Definitions » Dividend Payout Ratio

Traded in Other Exchanges

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Address

No. 36 Zijinghua Road, 10th Floor, Building A, Zhejiang Energy Science and Technology Innovation Center, Xihu District, Zhejiang Province, Hangzhou, CHN, 310007

Website

http://www.zzepc.com.cn

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. The company has expanded its investment scale in the power production field year by year.

Executives

Zhou Jie

Supervisors

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