China Yuchai International Limited (NYSE:CYD) declared an annual dividend on Monday, June 24th, NASDAQ reports. Shareholders of record on Thursday, July 11th will be paid 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 payment by an average of 12.8% annually over the last three years. China Yuchai International has a dividend payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Research 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%.
Shares of China Yuchai International stock opened at $15.81 on Monday. The stock has a market capitalization of $645.24 million, a price-to-earnings ratio of 6.38 and a beta of 1.79. The firm’s fifty day moving average price is $14.41. China Yuchai International has a 12 month low of $12.00 and a 12 month high of $21.48.
Several brokerages have commented on CYD. TheStreet raised China Yuchai International from a “c” rating to a “b-” rating in a research report on Tuesday, May 28th. Zacks Investment Research upgraded China Yuchai International from a “hold” rating to a “strong-buy” rating and set a $16.00 price target for the company in a report on Tuesday, May 14th.
China Yuchai International Company Profile
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.
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