Nine Dragons Paper I Dividend yield

Nine Dragons Paper I is part of Forestry and Paper business, which is part of Basic Materials industry. Nine Dragons Paper I is a company from China, and his stocks are publicly traded.

Nine Dragons Paper I stock dividend

Nine Dragons Paper I paid a total dividend of 563 million HKD last year, for a market value of 20,410 millions (Market Cap 6,840 millions). Nine Dragons Paper I dividend per share is 0.12 HKD, and his stock market price 4.35 HKD.

According to the chart below, where dividend yield is displayed, Nine Dragons Paper I has a dividend yield of 2.76%, lower than the amount offered by both the market average and companies from China. It is also lower than average of Basic Materials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Nine Dragons Paper I stocks dividend with other Forestry and Paper companies or other of the highest China dividend stocks list.

Nine Dragons Paper I Dividend Payout

About the ability of Nine Dragons Paper I to maintain his current dividend of HKD 0.12 per share, an amount that accounts for 2.76%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Nine Dragons Paper I payout on ernings is currently 15.79%, which is lower than the market average and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures lead us to believe that there is confidence that Nine Dragons Paper Ican 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 Nine Dragons Paper I is HKD 0.74 per share, which is higher than the dividend per share paid by the company of HKD 0.12, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Nine Dragons Paper I, compared againt world market average, China companies, Basic Materials industry and Forestry and Paper sector companies.

Nine Dragons Paper I Dividend History

Below you will find a table with the historical evolution of Nine Dragons Paper I'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	2.76%	0.12	15.79%	4,692
2022	1.69%	0.12	15.00%	4,692
2021	6.18%	0.52	27.96%	4,692
2020	3.29%	0.36	33.64%	4,692
2019	3.91%	0.32	34.78%	4,692
2018	8.02%	0.58	30.37%	4,674
2017	2.82%	0.35	30.97%	4,674
2016	1.25%	0.09	33.33%	4,662
2015	2.15%	0.10	27.03%	4,662

*In millions

Then you can see the evolution of Nine Dragons Paper I dividend stock, and compare it with the average of China stocks and that of the Forestry and Paper stocks.

Nine Dragons Paper I Stock performance

Finally, last moth Nine Dragons Paper I showed a return of -14.90% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a -29.50% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for China and Forestry and Paper firms.