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Dividend Yield: 7.1%

China Construction Bank's dividend payments have been stable and growing over the past decade, supported by a low payout ratio of 30.5%, ensuring sustainability. Despite a yield of 7.13% falling short of Hong Kong's top tier, the bank trades at good value compared to peers and below its estimated fair value. Recent earnings showed slight declines, yet dividends remain well-covered by earnings. Leadership changes may influence future strategies but do not currently impact dividend reliability.

• Click to explore a detailed breakdown of our findings in China Construction Bank's dividend report.

• Upon reviewing our latest valuation report, China Construction Bank's share price might be too pessimistic.

Lenovo Group

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

Overview: Lenovo Group Limited is an investment holding company that develops, manufactures, and markets technology products and services, with a market cap of HK$135.46 billion.

Operations: Lenovo Group's revenue is primarily generated from its Intelligent Devices Group (IDG) at $45.76 billion, followed by the Infrastructure Solutions Group (ISG) at $10.17 billion, and the Solutions and Services Group (SSG) at $7.64 billion.

Dividend Yield: 3.5%

Lenovo Group offers a stable dividend yield of 3.46%, supported by a reasonable payout ratio of 57.8% and cash flow coverage at 67.4%. While not among the highest in Hong Kong, its dividends have been reliable and growing over the past decade. Recent earnings growth has bolstered financial stability, with sales reaching US$15.45 billion in Q1 2024, enhancing dividend sustainability despite recent executive changes and product innovations like AI-optimized devices.

• Take a closer look at Lenovo Group's potential here in our dividend report.

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

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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:728 SEHK:939 and SEHK:992.

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