As of today (2024-05-27), the Trailing Annual Dividend Yield of Chongqing Gas Group is 2.11%.
Good Sign:
Chongqing Gas Group Corporation Ltd stock dividend yield is close to 10-year high.
The historical rank and industry rank for Chongqing Gas Group's Dividend Yield % or its related term are showing as below:
SHSE:600917'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.73 Med: 1.32 Max: 2.3
Current: 2.11
During the past 13 years, the highest Dividend Yield of Chongqing Gas Group was 2.30%. The lowest was 0.73%. And the median was 1.32%.
SHSE:600917's Dividend Yield % is ranked worse than 74.71% of 427
companies
in the Utilities - Regulated industry
Industry Median: 3.83
vs SHSE:600917: 2.11
During the past 12 months, Chongqing Gas Group's average Dividends Per Share Growth Rate was -12.80% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 14.90% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 5.30% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Chongqing Gas Group was 22.80% per year. The lowest was -18.90% per year. And the median was -13.20% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Chongqing Gas Group Dividend Yield % Historical Data
The historical data trend for Chongqing Gas Group's Dividend Yield % 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.
Competitive Comparison of Chongqing Gas Group's Dividend Yield %
For the Utilities - Regulated Gas subindustry, Chongqing Gas Group's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
Chongqing Gas Group's Dividend Yield % Distribution in the Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Chongqing Gas Group's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Chongqing Gas Group's Dividend Yield % falls into.
Chongqing Gas Group Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Chongqing Gas Group Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CNY 0.129000
2023-06-28
2023-06-27
2023-06-28
Cash Dividend
annually
CNY:CNY 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Chongqing Gas Group's Trailing Annual Dividend Yield (%) for Today is calculated as
* 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.
Chongqing Gas Group (SHSE:600917) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
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.
Chongqing Gas Group Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Chongqing Gas Group's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Chongqing Gas Group (SHSE:600917) Business Description
Chongqing Gas Group Corporation Ltd engages in the design, manufacture, installation, maintenance, sale, management, and technical consultation of gas supply and pipe network in China. It also supplies, transport, storage, distributes, and sale gas. The company engages in the supply of heating, cooling, and cogeneration; pipe anti-corrosion processing; and gas appliance sales and other business operations.
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