HK & China Gas Dividend yield




   HKD/share 
 Price  11.80
 Dividend  0.34
 Earnings  0.32
 Cash-flow  0.57
 Book value  3.58
 Equity  3.48

HK & China Gas is part of Gas Water and Multiutilities business, which is part of Utilities industry. HK & China Gas is a company from Hong-Kong, and his stocks are publicly traded.

HK & China Gas paid a total dividend of 6,344 million HKD last year, for a market value of 220,188 millions (Market Cap 128,193 millions). Dividend per share of HK & China Gas is 0.34 HKD, and his stock market price 11.80 HKD.

According to the chart below, where dividend yield is displayed, HK & China Gas has a dividend yield of 2.87%, which is similar to the amount offered by both the market average and companies from Hong-Kong. 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 HK & China Gas dividend yield with other Gas Water and Multiutilities companies or firms from Hong-Kong.

Dividend yield of HK & China Gas

HK & China Gas Dividend Payout

About the ability of HK & China Gas to maintain his current dividend of HKD 0.34 per share, an amount that accounts for 2.87%, we should study its payout ratio both on earnings and on cash-flows (see chart below). HK & China Gas payout on ernings is currently 106.25%, which is higher than the market average, and companies of Utilities industry, which are 39.27% and 52.49% respectively. Both figures show that HK & China Gas can have problems to keep with his present dividend yield.

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 HK & China Gas is HKD 0.57 per share, which is higher than the dividend per share paid by the company of HKD 0.34, so the company generates enough cash to maintain his dividend in the future.

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

HK & China Gas payout

HK & China Gas Dividend History

Year Yield  HKD  Paypout  Shares* 
Present2.87%0.34106.25%18,660
20202.93%0.3487.18%17,771
20192.16%0.3360.00%16,925
20182.03%0.3361.11%15,386
20172.15%0.3362.26%13,996
20162.28%0.3357.89%12,724
20152.16%0.3354.10%11,567

*In millions

HK & China Gas Stock performance

Finally, last moth HK & China Gas showed a return of -5.80% compared to a worldwide -1.33% average, and a -0.64% of Utilities firms. Over the last year, the company obtained a 11.60% versus a worldwide performance of a 31.58%. More detailed information can be seen in the following graph for Hong-Kong and Gas Water and Multiutilities firms.

HK & China Gas stock and market return