Ariose Capital Management Ltd Purchases Shares of 199,088 China Yuchai International Limited (NYSE:CYD)

Ariose Capital Management Ltd acquired a new position in shares of China Yuchai International Limited (NYSE:CYD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 199,088 shares of the company's stock, valued at approximately $3,383,000. China Yuchai International comprises about 3.7% of Ariose Capital Management Ltd's investment portfolio, making the stock its 8th largest position. Ariose Capital Management Ltd owned approximately 73.74% of China Yuchai International as of its most recent filing with the SEC.

Separately, Nomura Holdings Inc. acquired a new position in China Yuchai International during the fourth quarter worth about $191,000.

China Yuchai International Trading Down 2.5%

Shares of NYSE CYD traded down $0.62 during midday trading on Wednesday, reaching $23.74. 106,283 shares of the stock were exchanged, compared to its average volume of 165,410. The company has a market capitalization of $890.72 million, a P/E ratio of 14.65 and a beta of 1.05. China Yuchai International Limited has a 52-week low of $8.61 and a 52-week high of $26.10. The company has a current ratio of 1.55, a quick ratio of 1.20 and a debt-to-equity ratio of 0.05. The stock has a 50 day moving average price of $19.36 and a 200-day moving average price of $16.30.

China Yuchai International Increases Dividend

The company also recently announced an annual dividend, which was paid on Monday, July 7th. Stockholders of record on Wednesday, June 25th were given a dividend of $0.53 per share. This is a boost from China Yuchai International's previous annual dividend of $0.38. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend was Wednesday, June 25th. China Yuchai International's payout ratio is presently 32.72%.

About China Yuchai International

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.