China Resources Gas Dividend yield

 Price  33.25
 Dividend  0.93
 Earnings  2.25
 Cash-flow  3.87
 Book value  15.83
 Equity  13.64

China Resources Gas is part of Gas Water and Multiutilities business, which is part of Utilities industry. China Resources Gas is a company from China, and his stocks are publicly traded.

China Resources Gas paid a total dividend of 2,152 million HKD last year, for a market value of 76,941 millions (Market Cap 29,614 millions). Dividend per share of China Resources Gas is 0.93 HKD, and his stock market price 33.25 HKD.

According to the chart below, where dividend yield is displayed, China Resources Gas has a dividend yield of 2.80%, which is similar to the amount offered by both the market average and companies from China. However, it is lower than the average of Utilities industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare China Resources Gas dividend yield with other Gas Water and Multiutilities companies or firms from China.

Dividend yield of China Resources Gas

China Resources Gas Dividend Payout

About the ability of China Resources Gas to maintain his current dividend of HKD 0.93 per share, an amount that accounts for 2.80%, we should study its payout ratio both on earnings and on cash-flows (see chart below). China Resources Gas payout on ernings is currently 41.33%, which is higher than the market average, but lower than companies of Utilities industry, which are 38.25% and 54.88% respectively. Both figures show that China Resources Gas should not have problems to continue paying his dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of China Resources Gas is HKD 3.87 per share, which is higher than the dividend per share paid by the company of HKD 0.93, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of China Resources Gas, compared againt world market average, China companies, Utilities industry and Gas Water and Multiutilities sector companies.

China Resources Gas payout

China Resources Gas Dividend History

Year Yield  HKD  Paypout  Shares* 

*In millions

China Resources Gas Stock performance

Finally, last moth China Resources Gas showed a return of -7.30% compared to a worldwide 1.12% average, and a 2.24% of Utilities firms. Over the last year, the company obtained a -22.90% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for China and Gas Water and Multiutilities firms.

China Resources Gas stock and market return