|HKD per share|
Guangdong Inv RC paid a total dividend of 2,237 million HKD last year, for a market capitalization of 68,851 millions. Dividend per share of Guangdong Inv RC is 0.36 HKD, and his stock market price 11.08 HKD.
According to the chart below, where dividend yield is displayed, Guangdong Inv RC has a dividend yield of 3.25%, 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.
About the ability of Guangdong Inv RC to maintain his current dividend of HKD 0.36 per share, an amount that accounts for 3.25%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Guangdong Inv RC payout on ernings is currently 47.37%, which is higher than the market average, but lower than companies of Utilities industry, which are 39.68% and 48.76% respectively. Both figures show that Guangdong Inv RC 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 latter amount the one which can be distributed to shareholders. Cash flow per share of Guangdong Inv RC is HKD 0.85 per share, which is higher than the dividend per share paid by the company of HKD 0.36, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Guangdong Inv RC, compared againt world market average, China companies, Utilities industry and Gas Water and Multiutilities sector companies. You might also need to check full financial report of Guangdong Inv RC.
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