08-31-2023
| HKD/share | |
| Price | 19.64 |
| Dividend | 1.18 |
| Earnings | 3.51 |
| Cash-flow | 49.10 |
| Book value | 39.28 |
| Equity | 35.82 |
New China Life Insur is part of Life Insurance business, which is part of Financials industry. New China Life Insur is a company from China, and his stocks are publicly traded.
New China Life Insur stock dividend
New China Life Insur paid a total dividend of 1,220 million HKD last year, for a market value of 20,308 millions (Market Cap 14,588 millions). New China Life Insur dividend per share is 1.18 HKD, and his stock market price 19.64 HKD.
According to the chart below, where dividend yield is displayed, New China Life Insur has a dividend yield of 6.00%, which is higher than the amount offered by both the market average and companies from China. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.
In addition, you should compare New China Life Insur stocks dividend with other Life Insurance companies or other of the highest China dividend stocks list.
New China Life Insur Dividend Payout
About the ability of New China Life Insur to maintain his current dividend of HKD 1.18 per share, an amount that accounts for 6.00%, we should study its payout ratio both on earnings and on cash-flows (see chart below). New China Life Insur payout on ernings is currently 33.62%, which is lower than the market average and companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures lead us to believe that there is confidence that New China Life Insurcan maintain his current 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 New China Life Insur is HKD 49.10 per share, which is higher than the dividend per share paid by the company of HKD 1.18, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of New China Life Insur, compared againt world market average, China companies, Financials industry and Life Insurance sector companies.
New China Life Insur Dividend History
Below you will find a table with the historical evolution of New China Life Insur's dividend stock, both in percentage and in HKD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).
| Year | Yield | HKD | Paypout | Shares* |
| Present | 6.00% | 1.18 | 33.62% | 1,034 |
| 2022 | 8.84% | 1.69 | 30.95% | 1,034 |
| 2021 | 8.16% | 1.70 | 29.36% | 1,034 |
| 2020 | 5.10% | 1.54 | 27.50% | 1,034 |
| 2019 | 2.62% | 0.88 | 30.24% | 1,034 |
| 2018 | 2.02% | 0.63 | 31.19% | 1,034 |
| 2017 | 1.03% | 0.55 | 28.95% | 1,034 |
| 2016 | 0.84% | 0.33 | 12.09% | 1,031 |
| 2015 | 0.79% | 0.25 | 11.47% | 1,031 |
*In millions
Then you can see the evolution of New China Life Insur dividend stock, and compare it with the average of China stocks and that of the Life Insurance stocks.
New China Life Insur Stock performance
Finally, last moth New China Life Insur showed a return of -12.70% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a 6.20% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for China and Life Insurance firms.
