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Henan Lantian Gas Co (SHSE:605368) Dividend Yield % : 6.32% (As of May. 27, 2024)


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What is Henan Lantian Gas Co Dividend Yield %?

As of today (2024-05-27), the Trailing Annual Dividend Yield of Henan Lantian Gas Co is 6.32%.

The historical rank and industry rank for Henan Lantian Gas Co's Dividend Yield % or its related term are showing as below:

SHSE:605368' s Dividend Yield % Range Over the Past 10 Years
Min: 2.99   Med: 3.87   Max: 10.49
Current: 6.32

During the past 13 years, the highest Dividend Yield of Henan Lantian Gas Co was 10.49%. The lowest was 2.99%. And the median was 3.87%.

SHSE:605368's Dividend Yield % is ranked better than
77.75% of 427 companies
in the Utilities - Regulated industry
Industry Median: 3.83 vs SHSE:605368: 6.32

Henan Lantian Gas Co's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Henan Lantian Gas Co Ltd is 1.16, which seems too high.

During the past 13 years, the highest Dividend Payout Ratio of Henan Lantian Gas Co was 1.19. The lowest was 0.40. And the median was 0.54.

As of today (2024-05-27), the Forward Dividend Yield % of Henan Lantian Gas Co is 6.32%.

Henan Lantian Gas Co's Dividends per Share for the three months ended in Mar. 2024 was ¥0.00.

During the past 12 months, Henan Lantian Gas Co's average Dividends Per Share Growth Rate was 180.10% per year.

The growth rate is calculated with least square regression.

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


Henan Lantian Gas Co Dividend Yield % Historical Data

The historical data trend for Henan Lantian Gas Co'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.

* Premium members only.

Henan Lantian Gas Co Dividend Yield % Chart

Henan Lantian Gas Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - 3.46 4.07 9.29

Henan Lantian Gas Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.67 10.45 9.76 9.29 7.38

Competitive Comparison of Henan Lantian Gas Co's Dividend Yield %

For the Utilities - Regulated Gas subindustry, Henan Lantian Gas Co'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.


Henan Lantian Gas Co's Dividend Yield % Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Henan Lantian Gas Co's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Henan Lantian Gas Co's Dividend Yield % falls into.



Henan Lantian Gas Co Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Henan Lantian Gas Co Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CNY 0.8500002024-04-292024-04-262024-04-29Cash DividendannuallyCNY: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.

Henan Lantian Gas Co's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.85/13.45
=6.32 %

Current Share Price is ¥13.45.
Henan Lantian Gas Co's Dividends per Share for the trailing twelve months (TTM) ended in Today is ¥0.85.

Henan Lantian Gas Co's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.85/13.45
=6.32 %

Current Share Price is ¥13.45.
Henan Lantian Gas Co's Dividends per Share for the forward twelve months is calculated as ¥0.85 * 1 = ¥0.85.

* 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.


Henan Lantian Gas Co  (SHSE:605368) 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Henan Lantian Gas Co Dividend Yield % Related Terms

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Henan Lantian Gas Co (SHSE:605368) Business Description

Traded in Other Exchanges
N/A
Address
West of North Section of Production Stree, Henan Province, Queshan County, Zhumadian, CHN, 463200
Henan Lantian Gas Co Ltd is involved in the natural gas transmission and sales business. The company's natural gas branch has a total length of more than 700 kilometers and covers a population of more than 50 million.
Executives
Zhao Yong Kui senior management
Huang Tao Director
Lan Yu Feng senior management
Li Bao Hua Director
Zhao Xin senior management

Henan Lantian Gas Co (SHSE:605368) Headlines

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