Kasikornbank Public Co Ltd's Dividend Analysis
In This Article:
Assessing the Sustainability of Kasikornbank Public Co Ltd's Upcoming Dividend
Kasikornbank Public Co Ltd (KPCPY) recently announced a dividend of $0.67 per share, payable on 2024-05-28, with the ex-dividend date set for 2024-04-22. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Kasikornbank Public Co Ltd's dividend performance and assess its sustainability.
What Does Kasikornbank Public Co Ltd Do?
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Kasikornbank Public Co Ltd is a commercial bank operating in Thailand. The corporate business customers include public and private companies, government-backed enterprises or agencies, and financial institutions. The corporate business provides a variety of financial products and services such as loans, working capital, cash management, and value chain solutions. The retail business focuses on individual customers and offers loans and deposits, debit and credit cards, financial planning, and transactional banking services. The treasury and capital markets business includes funding, risk management, and foreign currency exchange services.
A Glimpse at Kasikornbank Public Co Ltd's Dividend History
Kasikornbank Public Co Ltd has maintained a consistent dividend payment record since 2011. Dividends are currently distributed on a bi-annual basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Kasikornbank Public Co Ltd's Dividend Yield and Growth
As of today, Kasikornbank Public Co Ltd currently has a 12-month trailing dividend yield of 3.48% and a 12-month forward dividend yield of 5.40%. This suggests an expectation of increased dividend payments over the next 12 months.
Over the past three years, Kasikornbank Public Co Ltd's annual dividend growth rate was -3.90%. Extended to a five-year horizon, this rate increased to -2.90% per year. And over the past decade, Kasikornbank Public Co Ltd's annual dividends per share growth rate stands at 0.50%.
Based on Kasikornbank Public Co Ltd's dividend yield and five-year growth rate, the 5-year yield on cost of Kasikornbank Public Co Ltd stock as of today is approximately 3.00%.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2023-12-31, Kasikornbank Public Co Ltd's dividend payout ratio is 0.23.