Industrial Bank Co (SHSE:601166) Dividend Payout Ratio: 0.54 (As of Mar. 2026) — 125% Above Median

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SHSE:601166 Industrial Bank Co Ltd SHSE:601166
51 GF Score
Price ¥17.45
GF Value ¥18.44
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Industrial Bank Co Dividend Payout Ratio?

Industrial Bank Co SHSE:601166 -0.11% 51 Dividend Payout Ratio is 0.54 as of Mar. 2026, which is 125% above its 10-year median of 0.24. GuruFocus rates SHSE:601166 with a GF Score™ of 51/100 and a GF Value™ of ¥18.44 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,175 Banks companies, Industrial Bank Co ranks worse than 78.04% 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. Industrial Bank Co's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.54.

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

SHSE:601166' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.24   Max: 0.51
Current: 0.51

During the past 13 years, the highest Dividend Payout Ratio of Industrial Bank Co was 0.51. The lowest was 0.12. And the median was 0.24.

SHSE:601166's Dividend Payout Ratio is ranked worse than
78.04% of 1175 companies
in the Banks industry
Industry Median: 0.32 vs SHSE:601166: 0.51

As of today (2026-07-14), the Dividend Yield % of Industrial Bank Co is 6.10%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Industrial Bank Co was 10.35%. The lowest was 2.85%. And the median was 4.26%.

Industrial Bank Co's Dividends per Share for the months ended in Mar. 2026 was ¥0.57.

During the past 12 months, Industrial Bank Co's average Dividends Per Share Growth Rate was 56.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 0.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Industrial Bank Co was 39.30% per year. The lowest was 0.80% per year. And the median was 14.90% 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.

Industrial Bank Co (SHSE:601166) 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.

Industrial Bank Co Dividend Payout Ratio Related Terms

Industrial Bank Co Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Industrial 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.

Industrial Bank Co Dividend Payout Ratio Chart

Industrial Bank 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 0.21 0.27 0.37 0.32 0.33

Industrial 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 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 0.00 1.49 0.00 0.00 0.54

Industrial Bank Co Dividend Payout Ratio Competitor Comparison

For the Banks - Regional subindustry, Industrial 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.

Industrial Bank Co Dividend Payout Ratio vs Banks Industry

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

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


SHSE:601166
51GF Score
Industrial Bank Co Ltd SHSE:601166
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrial Bank 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.

Industrial 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 )
=1.06/ 3.19
=0.33

Industrial 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 )
=0.565/ 1.041
=0.54

* 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 0.54 mean?
Industrial Bank Co (SHSE:601166) has a Dividend Payout Ratio of 0.54 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Industrial Bank Co and its competitors. This is 125% above median its historical median of 0.24. Over the past decade, Industrial Bank Co's Dividend Payout Ratio has ranged from 0.12 to 0.51. According to the industry distribution chart, Industrial Bank Co ranks #917 out of 1175 companies in the Banks industry, placing it in the top 78%.
Is Industrial Bank Co's Dividend Payout Ratio too high?
Industrial Bank Co's current Dividend Payout Ratio of 0.54 is 125% above median its 10-year median of 0.24. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.51. The Banks industry median Dividend Payout Ratio is 0.32. Industrial Bank Co's value of 0.54 is 68.8% above this industry median. Based on the distribution chart, Industrial Bank Co ranks #917 out of 1175 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Industrial Bank Co has a GF Score™ of 51/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Industrial Bank Co's Dividend Payout Ratio compare to competitors?
According to the Banks industry distribution chart, Industrial Bank Co ranks #917 out of 1175 companies for Dividend Payout Ratio. This places Industrial Bank Co in the lower half of its industry. The industry median Dividend Payout Ratio is 0.32. Industrial Bank Co's value of 0.54 is 68.8% above this benchmark. Historically, Industrial Bank Co's own Dividend Payout Ratio has ranged from 0.12 to 0.51 over the past decade. While the company's 10-year median is 0.24 vs. the industry median of 0.32, Industrial 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 1,175 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. Industrial Bank Co's current Dividend Payout Ratio of 0.54 is 68.8% 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 Industrial 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. Industrial Bank Co's current Dividend Payout Ratio is 0.54, which is 125% above median its own 10-year median of 0.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial Bank Co stock overvalued right now?
Based on GuruFocus' analysis, Industrial Bank Co (SHSE:601166) is currently considered Fairly Valued. The stock's GF Value™ is ¥18.44, compared to a current price of ¥17.45 — trading 5.4% below its estimated fair value. The current Dividend Payout Ratio is 0.54, which is 125% above median its 10-year median of 0.24 and 68.8% above the Banks industry median of 0.32. Industrial Bank Co's overall GF Score™ is 51/100 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 Industrial Bank Co (SHSE:601166), the current Dividend Payout Ratio is 0.54 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 Industrial Bank Co (SHSE:601166) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial Bank Co stock appears to be undervalued. The current stock price of ¥17.45 is trading 5.4% below its estimated GF Value™ of ¥18.44. GuruFocus considers Industrial Bank Co to be Fairly Valued.

Key valuation signals for SHSE:601166:

  • Dividend Payout Ratio: 0.54 (125% above median its 10-year median of 0.24)
  • GF Value™: ¥18.44 vs. price of ¥17.45 (5.4% below fair value)
  • GF Score™: 51/100 with 2 warning signs
  • Industry Position: 68.8% above the Banks median (#917 of 1175)

No single metric tells the full story. See the SHSE:601166 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Industrial Bank Co Business Description

Address No. 398 Jiangbin Middle Avenue, Industrial Bank Building, Taijiang District, Fujian Province, Fuzhou, CHN, 350014
Industrial Bank was founded in 1988 and started as a regional bank in Fujian province. It has grown to become the second-largest joint-stock bank in China with more than CNY 11 trillion in assets as of December 2025. The bank offers a full range of commercial banking services with a specialty in bank-bank cooperation. It also operates a proprietary "Yinyin platform" that offers complete financial service solutions to other financial institutions, such as payments and settlements, wealth management, and technology output services.
51GF Score

Get the complete analysis for SHSE:601166

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥17.45
Price
¥18.44
GF Value