Towngas China Dividend yield

 Price  3.31
 Dividend  0.15
 Earnings  0.30
 Cash-flow  0.55
 Book value  6.62
 Equity  6.82

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 stock dividend

Towngas China paid a total dividend of 489 million HKD last year, for a market value of 10,787 millions (Market Cap 3,985 millions). Towngas China dividend per share is 0.15 HKD, and his stock market price 3.31 HKD.

According to the chart below, where dividend yield is displayed, Towngas China has a dividend yield of 4.53%, which is higher than the amount offered by both the market average and companies from Hong-Kong. It is also bigger than average of Utilities 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 Towngas China stocks dividend with other Gas Water and Multiutilities companies or other of the highest Hong-Kong dividend stocks list.

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 4.53%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Towngas China payout on ernings is currently 50.00%, which is higher than the market average, but lower than companies of Utilities industry, which are 39.34% and 60.08% respectively. Both figures show that Towngas China 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 last amount the one which can be distributed to shareholders. Cash flow per share of Towngas China is HKD 0.55 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

Below you will find a table with the historical evolution of Towngas China'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* 

*In millions

Then you can see the evolution of Towngas China dividend stock, and compare it with the average of Hong-Kong stocks and that of the Gas Water and Multiutilities stocks.

Towngas China stock dividend history

Towngas China Stock performance

Finally, last moth Towngas China showed a return of -12.40% compared to a worldwide -2.49% average, and a -2.79% of Utilities firms. Over the last year, the company obtained a -4.10% versus a worldwide performance of a 8.71%. 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