China Resources Gas Group (STU:LGX1) Dividend Payout Ratio : 0.66 (As of Jun. 2024)

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What is China Resources Gas Group 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. China Resources Gas Group's Dividend Payout Ratio for the months ended in Jun. 2024 was 0.66.

The historical rank and industry rank for China Resources Gas Group's Dividend Payout Ratio or its related term are showing as below:

STU:LGX1' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.3 Max: 0.61
Current: 0.51

During the past 13 years, the highest Dividend Payout Ratio of China Resources Gas Group was 0.61. The lowest was 0.21. And the median was 0.30.

STU:LGX1's Dividend Payout Ratio is ranked better than
51.91% of 366 companies
in the Utilities - Regulated industry
Industry Median: 0.53 vs STU:LGX1: 0.51

As of today (2024-12-15), the Dividend Yield % of China Resources Gas Group is 4.22%.

During the past 13 years, the highest Trailing Annual Dividend Yield of China Resources Gas Group was 6.05%. The lowest was 0.81%. And the median was 1.77%.

China Resources Gas Group's Dividends per Share for the months ended in Jun. 2024 was €0.12.

During the past 12 months, China Resources Gas Group's average Dividends Per Share Growth Rate was 10.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 14.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 21.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of China Resources Gas Group was 44.20% per year. The lowest was -34.10% per year. And the median was 22.00% 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 Resources Gas Group Dividend Payout Ratio Historical Data

The historical data trend for China Resources Gas Group'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.

* Premium members only.

China Resources Gas Group Dividend Payout Ratio Chart

China Resources Gas Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.33

0.37

0.34

0.61

0.54

China Resources Gas Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.83	0.21	0.58	0.21	0.66

Competitive Comparison of China Resources Gas Group's Dividend Payout Ratio

For the Utilities - Regulated Gas subindustry, China Resources Gas Group'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 Resources Gas Group's Dividend Payout Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, China Resources Gas Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where China Resources Gas Group's Dividend Payout Ratio falls into.

China Resources Gas Group Dividend Payout Ratio Calculation

China Resources Gas Group'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 )
	=	0.123	/	0.229
	=	0.54

China Resources Gas Group's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2024 )	/	EPS without NRI (Q: Jun. 2024 )
	=	0.12	/	0.181
	=	0.66

China Resources Gas Group (STU:LGX1) 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 Resources Gas Group Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of China Resources Gas Group's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

China Resources Gas Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » China Resources Gas Group Ltd (STU:LGX1) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

CRGGF:USA 01193:Hong Kong

Address

26 Harbour Road, Room 1901-02, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crcgas.com

China Resources Gas Group is a leading gas utilities group in China engaged in city gas distribution, including piped natural gas distribution and natural gas filling stations. At the end of 2023, CRG's portfolio comprised 276 city gas projects in China. The firm achieved annual gas sales volume of 38.8 billion cubic meters and has connected 57.3 million residential customers, or a penetration rate of 59.3%.

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