Chang Hwa Commercial Bank (TPE:2801) Dividend Payout Ratio: 0.00 (As of Dec. 2025)


TPE:2801 Chang Hwa Commercial Bank Ltd TPE:2801
72 GF Score
Price NT$23.35
GF Value NT$20.41
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Chang Hwa Commercial Bank Dividend Payout Ratio?

Chang Hwa Commercial Bank TPE:2801 -2.10% 72 Dividend Payout Ratio is 0.00 as of Dec. 2025. GuruFocus rates TPE:2801 with a GF Score™ of 72/100 and a GF Value™ of NT$20.41 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 1,169 Banks companies, Chang Hwa Commercial Bank ranks worse than 52.61% 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. Chang Hwa Commercial Bank's Dividend Payout Ratio for the months ended in Dec. 2025 was 0.00.

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

TPE:2801' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.23   Med: 0.42   Max: 0.59
Current: 0.34

During the past 13 years, the highest Dividend Payout Ratio of Chang Hwa Commercial Bank was 0.59. The lowest was 0.23. And the median was 0.42.

TPE:2801's Dividend Payout Ratio is ranked worse than
52.61% of 1169 companies
in the Banks industry
Industry Median: 0.32 vs TPE:2801: 0.34

As of today (2026-07-03), the Dividend Yield % of Chang Hwa Commercial Bank is 2.14%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Chang Hwa Commercial Bank was 3.59%. The lowest was 1.08%. And the median was 2.45%.

Chang Hwa Commercial Bank's Dividends per Share for the months ended in Dec. 2025 was NT$0.00.

During the past 12 months, Chang Hwa Commercial Bank's average Dividends Per Share Growth Rate was -4.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 3.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Chang Hwa Commercial Bank was 53.10% per year. The lowest was -33.10% per year. And the median was 3.45% 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.

Chang Hwa Commercial Bank (TPE:2801) 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.

Chang Hwa Commercial Bank Dividend Payout Ratio Related Terms

Chang Hwa Commercial Bank Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Chang Hwa Commercial Bank'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.

Chang Hwa Commercial Bank Dividend Payout Ratio Chart

Chang Hwa Commercial Bank 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 0.43 0.48 0.46 0.41 0.34

Chang Hwa Commercial Bank Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 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 0.00 0.00 0.00 1.20 0.00

Chang Hwa Commercial Bank Dividend Payout Ratio Competitor Comparison

For the Banks - Regional subindustry, Chang Hwa Commercial Bank'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.

Chang Hwa Commercial Bank Dividend Payout Ratio vs Banks Industry

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

* The bar in red indicates where Chang Hwa Commercial Bank's Dividend Payout Ratio falls into.


TPE:2801
72GF Score
Chang Hwa Commercial Bank Ltd TPE:2801
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Chang Hwa Commercial Bank 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.

Chang Hwa Commercial Bank'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 )
=0.5/ 1.477
=0.34

Chang Hwa Commercial Bank'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/ 0.301
=0.00

* 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 0.00 mean?
Chang Hwa Commercial Bank (TPE:2801) has a Dividend Payout Ratio of 0.00 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Chang Hwa Commercial Bank and its competitors. Over the past decade, Chang Hwa Commercial Bank's Dividend Payout Ratio has ranged from 0.23 to 0.59. According to the industry distribution chart, Chang Hwa Commercial Bank ranks #615 out of 1169 companies in the Banks industry, placing it in the top 52.6%.
Is Chang Hwa Commercial Bank's Dividend Payout Ratio too high?
Chang Hwa Commercial Bank's current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 0.23 to a high of 0.59. Based on the distribution chart, Chang Hwa Commercial Bank ranks #615 out of 1169 companies in the Banks industry, which is below the industry midpoint. Overall, Chang Hwa Commercial Bank has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Chang Hwa Commercial Bank's Dividend Payout Ratio compare to competitors?
According to the Banks industry distribution chart, Chang Hwa Commercial Bank ranks #615 out of 1169 companies for Dividend Payout Ratio. This places Chang Hwa Commercial Bank in the lower half of its industry. The industry median Dividend Payout Ratio is 0.32. Historically, Chang Hwa Commercial Bank's own Dividend Payout Ratio has ranged from 0.23 to 0.59 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 a Banks company?
The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,169 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 Chang Hwa Commercial Bank 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. Chang Hwa Commercial Bank'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 Chang Hwa Commercial Bank stock overvalued right now?
Based on GuruFocus' analysis, Chang Hwa Commercial Bank (TPE:2801) is currently considered Modestly Overvalued. The stock's GF Value™ is NT$20.41, compared to a current price of NT$23.35 — trading 14.4% above its estimated fair value. The current Dividend Payout Ratio is 0.00. Chang Hwa Commercial Bank's overall GF Score™ is 72/100 with 6 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 Chang Hwa Commercial Bank (TPE:2801), the current Dividend Payout Ratio is 0.00 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.

Is Chang Hwa Commercial Bank (TPE:2801) Overvalued in 2026?

Based on GuruFocus' analysis, Chang Hwa Commercial Bank stock appears to be overvalued. The current stock price of NT$23.35 is trading 14.4% above its estimated GF Value™ of NT$20.41. GuruFocus considers Chang Hwa Commercial Bank to be Modestly Overvalued.

Key valuation signals for TPE:2801:

  • Dividend Payout Ratio: 0.00
  • GF Value™: NT$20.41 vs. price of NT$23.35 (14.4% above fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the TPE:2801 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Chang Hwa Commercial Bank Business Description

Address No. 38, Section 2, Ziyou Road, Taichung, TWN
Chang Hwa Commercial Bank Ltd operates as a bank. It operates in segments namely Loans, Deposits, Financial Instruments and Investments, Wealth Management, Overseas branches and Subsidiaries, and others. It generates a majority of its revenue from the Loan segment. It offers services such as wealth management, personal cards, housing loans, credit loans, personal Internet banking, commercial Internet banking, and others.
72GF Score

Get the complete analysis for TPE:2801

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

NT$23.35
Price
NT$20.41
GF Value