Dividend Yield: 3.8%

Tsingtao Brewery has maintained stable dividends over the past decade, with recent proposals to increase dividends to RMB 2 per share for FY 2023. While its dividend yield of 3.8% is below the top quartile in Hong Kong, earnings growth remains robust at 21.4% annually over five years, supporting future payouts despite a high cash payout ratio of 145.5%. Recent financials show a slight decline in quarterly revenue but an increase in net income, suggesting efficient cost management and profitability.

• Unlock comprehensive insights into our analysis of Tsingtao Brewery stock in this dividend report.

• The valuation report we've compiled suggests that Tsingtao Brewery's current price could be quite moderate.

China Coal Energy

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: China Coal Energy Company Limited operates primarily in coal production and trading, as well as coal chemical businesses within the People's Republic of China and globally, with a market capitalization of approximately HK$167.67 billion.

Operations: China Coal Energy Company Limited generates its revenue mainly from coal production, trading, and coal chemical operations.

Dividend Yield: 4.9%

China Coal Energy's dividends are supported by a payout ratio of 33.9% and a cash payout ratio of 33.4%, indicating financial stability in covering distributions. However, dividend reliability has been questioned due to volatility over the past decade, despite an overall increase in payments during this period. Recently, the company announced a special dividend of RMB 1.5 billion, signaling potential confidence in its financial health despite forecasted earnings declines averaging 0.3% annually over the next three years. The current yield stands at 4.91%, lower than many top Hong Kong dividend payers.

• Click here to discover the nuances of China Coal Energy with our detailed analytical dividend report.

• Our valuation report unveils the possibility China Coal Energy's shares may be trading at a discount.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SEHK:1666 SEHK:168SEHK:1898 and .

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