Zhejiang Zheneng Electric Power CoSHSE:600023 -1.85%80 Dividend Yield % is 6.30% as of Jun. 25, 2026, which is 25% above its 10-year median of 5.02. GuruFocus rates SHSE:600023 with a GF Score™ of 80/100 and a GF Value™ of ¥4.84 (Fairly Valued). The stock has 3 warning signs investors should review. Among 238 Utilities - Independent Power Producers companies, Zhejiang Zheneng Electric Power Co ranks better than 77.73% on this metric.
The historical rank and industry rank for Zhejiang Zheneng Electric Power Co's Dividend Yield % or its related term are showing as below:
SHSE:600023'
s Dividend Yield % Range Over the Past 10 Years
Min: 3.36 Med: 5.02 Max: 8.93
Current: 6.3
During the past 13 years, the highest Dividend Yield of Zhejiang Zheneng Electric Power Co was 8.93%. The lowest was 3.36%. And the median was 5.02%.
SHSE:600023's Dividend Yield % is ranked better than 77.73% of 238
companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.54
vs SHSE:600023: 6.30
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.
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 Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, 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.
* 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 Yield % Chart
SHSE:600023 vs CEG, VST, NRG: Dividend Yield % Comparison
For the Utilities - Independent Power Producers subindustry, Zhejiang Zheneng Electric Power Co's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % vs Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Zhejiang Zheneng Electric Power Co's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Zhejiang Zheneng Electric Power Co's Dividend Yield % falls into.
Zhejiang Zheneng Electric Power Co Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Zhejiang Zheneng Electric Power Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CNY 0.050000
2025-10-17
2025-10-16
2025-10-17
Cash Dividend
semi-annually
CNY:CNY 1.000000
CNY 0.290000
2025-07-09
2025-07-08
2025-07-09
Cash Dividend
annually
CNY:CNY 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* 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 Yield % of 6.30% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Zhejiang Zheneng Electric Power Co and its competitors. This is 25% above median its historical median of 5.02. Over the past decade, Zhejiang Zheneng Electric Power Co's Dividend Yield % has ranged from 3.36 to 8.93. According to the industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #53 out of 238 companies in the Utilities - Independent Power Producers industry, placing it in the top 22.3%.
Is Zhejiang Zheneng Electric Power Co's Dividend Yield % too high?
Zhejiang Zheneng Electric Power Co's current Dividend Yield % of 6.30% is 25% above median its 10-year median of 5.02. Over the past 10 years, this metric has ranged from a low of 3.36 to a high of 8.93. The Utilities - Independent Power Producers industry median Dividend Yield % is 3.54. Zhejiang Zheneng Electric Power Co's value of 6.30% is 78% above this industry median. Based on the distribution chart, Zhejiang Zheneng Electric Power Co ranks #53 out of 238 companies in the Utilities - Independent Power Producers industry, which is in the top quartile — a strong position relative to peers. Overall, Zhejiang Zheneng Electric Power Co has a GF Score™ of 80/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Zhejiang Zheneng Electric Power Co's Dividend Yield % compare to CEG and VST?
According to the Utilities - Independent Power Producers industry distribution chart, Zhejiang Zheneng Electric Power Co ranks #53 out of 238 companies for Dividend Yield %. This places Zhejiang Zheneng Electric Power Co in the top 22% of its industry — outperforming the majority of peers. The industry median Dividend Yield % is 3.54. Zhejiang Zheneng Electric Power Co's value of 6.30% is 78% above this benchmark. Historically, Zhejiang Zheneng Electric Power Co's own Dividend Yield % has ranged from 3.36 to 8.93 over the past decade. While the company's 10-year median is 5.02 vs. the industry median of 3.54, Zhejiang Zheneng Electric Power 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 Yield % for an Utilities - Independent Power Producers company?
The median Dividend Yield % among Utilities - Independent Power Producers companies is 3.54, based on 238 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Zhejiang Zheneng Electric Power Co's current Dividend Yield % of 6.30% is 78% 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Zhejiang Zheneng Electric Power Co and its competitors. For the Utilities - Independent Power Producers industry, the median Dividend Yield % is 3.54 — 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 Yield % is 6.30%, which is 25% above median its own 10-year median of 5.02. 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 ¥5.30 — trading 9.5% above its estimated fair value. The current Dividend Yield % is 6.30%, which is 25% above median its 10-year median of 5.02 and 78% above the Utilities - Independent Power Producers industry median of 3.54. Zhejiang Zheneng Electric Power Co's overall GF Score™ is 80/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Zhejiang Zheneng Electric Power Co (SHSE:600023), the current Dividend Yield % is 6.30% as of Jun. 25, 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 ¥5.30 is trading 9.5% 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 Yield %: 6.30% (25% above median its 10-year median of 5.02)
GF Value™: ¥4.84 vs. price of ¥5.30 (9.5% above fair value)
Industry Position: 78% above the Utilities - Independent Power Producers median (#53 of 238)
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.
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