China Yuchai International Limited (NYSE:CYD) Raises Dividend to $0.87 Per Share

China Yuchai International Limited (NYSE:CYD) declared an annual dividend on Thursday, July 2nd. Shareholders of record on Friday, July 17th will be paid a dividend of 0.87 per share on Tuesday, July 28th. This represents a dividend yield of 201.0%. The ex-dividend date of this dividend is Friday, July 17th. This is a 64.2% increase from China Yuchai International’s previous annual dividend of $0.53.

China Yuchai International has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. China Yuchai International has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Analysts expect China Yuchai International to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.53 annual dividend with an expected future payout ratio of 12.7%.

China Yuchai International Stock Down 6.6%

Shares of NYSE:CYD traded down $3.07 on Thursday, hitting $43.22. The stock had a trading volume of 232,790 shares, compared to its average volume of 198,204. China Yuchai International has a twelve month low of $21.27 and a twelve month high of $61.48. The firm’s 50 day moving average price is $49.69 and its 200-day moving average price is $45.22.

China Yuchai International Company Profile

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.