China Yuchai International Limited (NYSE:CYD - Get Free Report) declared an annual dividend on Friday, June 13th, Wall Street Journal reports. Shareholders of record on Wednesday, June 25th will be given a dividend of 0.53 per share on Monday, July 7th. This represents a yield of 4.3%. The ex-dividend date is Wednesday, June 25th. This is a 39.5% increase from China Yuchai International's previous annual dividend of $0.38.
China Yuchai International has a dividend payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect China Yuchai International to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 29.0%.
China Yuchai International Stock Up 6.3%
China Yuchai International stock traded up $1.32 during mid-day trading on Monday, hitting $22.17. 267,818 shares of the company were exchanged, compared to its average volume of 153,865. The business has a fifty day moving average of $16.79 and a 200 day moving average of $14.80. China Yuchai International has a 1-year low of $8.42 and a 1-year high of $26.10. The company has a market capitalization of $831.77 million, a PE ratio of 13.69 and a beta of 0.95.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on CYD shares. Wall Street Zen lowered China Yuchai International from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Greenridge Global lowered China Yuchai International from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, February 26th.
Read Our Latest Research Report on CYD
Institutional Trading of China Yuchai International
A hedge fund recently bought a new stake in China Yuchai International stock. Jane Street Group LLC bought a new stake in China Yuchai International Limited (NYSE:CYD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 82,902 shares of the company's stock, valued at approximately $1,409,000. Jane Street Group LLC owned approximately 0.22% of China Yuchai International as of its most recent filing with the Securities and Exchange Commission (SEC).
About China Yuchai International
(
Get Free Report)
China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People's Republic of China and internationally.
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