Towngas China Dividend yield




   HKD/share 
 Price  4.86
 Dividend  0.15
 Earnings  0.48
 Cash-flow  0.88
 Book value  6.94
 Equity  6.40

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

Towngas China paid a total dividend of 456 million HKD last year, for a market value of 14,789 millions (Market Cap 5,463 millions). Dividend per share of Towngas China is 0.15 HKD, and his stock market price 4.86 HKD.

According to the chart below, where dividend yield is displayed, Towngas China has a dividend yield of 3.09%, 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 Towngas China dividend yield with other Gas Water and Multiutilities companies or firms from Hong-Kong.

Dividend yield of Towngas China

Towngas China Dividend Payout

About the ability of Towngas China to maintain his current dividend of HKD 0.15 per share, an amount that accounts for 3.09%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Towngas China payout on ernings is currently 31.25%, which is lower than the market average and companies of Utilities industry, which are 39.27% and 52.49% respectively. Both figures lead us to believe that there is confidence that Towngas Chinacan 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 Towngas China is HKD 0.88 per share, which is higher than the dividend per share paid by the company of HKD 0.15, so the company generates enough cash to maintain his dividend in the future.

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

Towngas China payout

Towngas China Dividend History

Year Yield  HKD  Paypout  Shares* 
Present3.09%0.1531.25%3,043
20204.29%0.1533.33%2,969
20192.78%0.1534.88%2,871
20182.58%0.1530.61%2,810
20171.91%0.1233.33%2,769
20162.49%0.1033.33%2,712
20152.14%0.1024.39%2,643

*In millions

Towngas China Stock performance

Finally, last moth Towngas China showed a return of -14.30% compared to a worldwide -1.33% average, and a -0.64% of Utilities firms. Over the last year, the company obtained a 52.40% 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.

Towngas China stock and market return