JiaXing Gas Group Co (HKSE:09908) Dividend Payout Ratio : 0.32 (As of Dec. 2023)

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What is JiaXing Gas Group Co Dividend Payout Ratio?

JiaXing Gas Group Co's dividend payout ratio for the months ended in Dec. 2023 was 0.32.

The historical rank and industry rank for JiaXing Gas Group Co's Dividend Payout Ratio or its related term are showing as below:

HKSE:09908' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.3 Max: 0.49
Current: 0.21

During the past 7 years, the highest Dividend Payout Ratio of JiaXing Gas Group Co was 0.49. The lowest was 0.21. And the median was 0.30.

HKSE:09908's Dividend Payout Ratio is ranked better than
83.33% of 366 companies
in the Utilities - Regulated industry
Industry Median: 0.53 vs HKSE:09908: 0.21

As of today (2024-05-13), the Dividend Yield % of JiaXing Gas Group Co is 5.78%.

During the past 7 years, the highest Trailing Annual Dividend Yield of JiaXing Gas Group Co was 6.19%. The lowest was 1.62%. And the median was 4.36%.

JiaXing Gas Group Co's Dividends per Share for the months ended in Dec. 2023 was HK$0.22.

During the past 12 months, JiaXing Gas Group Co's average Dividends Per Share Growth Rate was 165.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

JiaXing Gas Group Co Dividend Payout Ratio Historical Data

The historical data trend for JiaXing Gas Group Co's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

JiaXing Gas Group Co Dividend Payout Ratio Chart

JiaXing Gas Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.49

0.30

0.21

JiaXing Gas Group Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial							0.38	0.72	-	0.16	0.32

Competitive Comparison of JiaXing Gas Group Co's Dividend Payout Ratio

For the Utilities - Regulated Gas subindustry, JiaXing Gas Group Co's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

JiaXing Gas Group Co's Dividend Payout Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, JiaXing Gas Group Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where JiaXing Gas Group Co's Dividend Payout Ratio falls into.

JiaXing Gas Group Co Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

JiaXing Gas Group Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.446	/	2.12
	=	0.21

JiaXing Gas Group Co's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.222	/	0.685
	=	0.32

JiaXing Gas Group Co (HKSE:09908) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

JiaXing Gas Group Co Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of JiaXing Gas Group Co's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

JiaXing Gas Group Co (HKSE:09908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » JiaXing Gas Group Co Ltd (HKSE:09908) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, Building 3, Hualong Plaza,No. 32 Qinyi Road, Economic and Technological Development Zone, Zhejiang Province, Jiaxing, CHN

Website

http://www.jxrqgs.com

JiaXing Gas Group Co Ltd is a piped natural gas (PNG) operator in Jiaxing. The company engages in sales of gas, PNG in Jiaxing, LNG and LPG; construction and installation services to construct and install end-user pipeline network and gas facilities; and provision of natural gas transportation services, sales of vapour and construction materials, and leasing of properties. Its customers include residential and non-residential users, property developers and owners or occupants of residential and non-residential properties.

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