China Yuchai International Limited (NYSE:CYD) declared an annual dividend on Monday, June 24th, NASDAQ reports. Investors of record on Thursday, July 11th will be given a dividend of 0.85 per share on Friday, July 19th. This represents a yield of 5.89%. The ex-dividend date of this dividend is Wednesday, July 10th.
China Yuchai International has decreased its dividend by an average of 12.8% per year over the last three years. China Yuchai International has a dividend payout ratio of 38.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect China Yuchai International to earn $3.06 per share next year, which means the company should continue to be able to cover its $0.85 annual dividend with an expected future payout ratio of 27.8%.
NYSE CYD opened at $15.81 on Monday. The business has a 50 day simple moving average of $14.41. China Yuchai International has a 12 month low of $12.00 and a 12 month high of $21.48. The stock has a market cap of $645.24 million, a PE ratio of 6.38 and a beta of 1.79.
China Yuchai International (NYSE:CYD) last posted its quarterly earnings results on Friday, May 10th. The company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.02). China Yuchai International had a return on equity of 23.05% and a net margin of 4.04%. The business had revenue of $618.29 million during the quarter, compared to analysts’ expectations of $685.49 million. As a group, equities analysts predict that China Yuchai International will post 2.65 EPS for the current year.
A number of research analysts recently commented on the company. TheStreet raised China Yuchai International from a “c” rating to a “b-” rating in a report on Tuesday, May 28th. Zacks Investment Research raised China Yuchai International from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a report on Tuesday, May 14th.
About China Yuchai International
China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People's Republic of China and internationally. It operates in two segments, Yuchai and HLGE. The company provides diesel and natural gas engines for light trucks, medium and heavy-duty trucks, buses and passenger vehicles, and marine and industrial applications; and generator sets.
Further Reading: Trading Strategy Methods and Types
Receive News & Ratings for China Yuchai International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for China Yuchai International and related companies with MarketBeat.com's FREE daily email newsletter.