If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Hong Kong and China Gas Co Ltd is 1.04, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Hong Kong and China Gas Co was 1.36. The lowest was 0.50. And the median was 0.76.
During the past 3 years, the average Dividends Per Share Growth Rate was 2.70% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 5.40% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 8.30% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Hong Kong and China Gas Co was 10.10% per year. The lowest was -0.70% per year. And the median was 8.90% 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.
Hong Kong and China Gas Co Dividend Yield % Historical Data
* 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.
Competitive Comparison of Hong Kong and China Gas Co's Dividend Yield %
For the Utilities - Regulated Gas subindustry, Hong Kong and China Gas 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.
Hong Kong and China Gas Co's Dividend Yield % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Hong Kong and China Gas Co's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Hong Kong and China Gas Co's Dividend Yield % falls into.
Hong Kong and China Gas Co Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Hong Kong and China Gas Co Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
HKD 0.120000
2024-08-29
2024-09-02
2024-09-11
Cash Dividend
semi-annually
HKD:EUR 0.116308
HKD 0.230000
2024-06-06
2024-06-11
2024-06-24
Cash Dividend
semi-annually
HKD:EUR 0.118971
* 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.
Hong Kong and China Gas Co (STU:HCG) 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.
Hong Kong and China Gas Co Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Hong Kong and China Gas Co's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Hong Kong and China Gas Co Ltd, is the oldest public utility company in Hong Kong. The company's core business comprises the production and distribution of town gas in Hong Kong, with a monopoly on distribution and retail. In the mainland, the company has a gas distribution business with 267 projects across 26 provinces. HKCG is also investing in water, upstream gas, and new energies. The business mix is approximately 90% gas utilities and 10% new energy. HKCG also holds a 15.8% stake in International Financial Center, a Grade A office building in the Hong Kong central business district.
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