Dividend Yield: 8.4%

China Petroleum & Chemical's dividend yield of 8.4% ranks it among the top 25% in Hong Kong, yet its sustainability is questionable due to a high payout ratio of 84.5% and cash payout ratio of 164.7%. Recent share buybacks may enhance earnings per share, but dividends have been unreliable and volatile over the past decade. Despite trading at a significant discount to estimated fair value, earnings have declined year-over-year, impacting dividend stability.

• Take a closer look at China Petroleum & Chemical's potential here in our dividend report.

• The valuation report we've compiled suggests that China Petroleum & Chemical's current price could be quite moderate.

Anhui Expressway

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

Overview: Anhui Expressway Company Limited constructs, operates, manages, and develops toll roads and associated service sections in Anhui province, China with a market cap of HK$23.51 billion.

Operations: Anhui Expressway Company Limited generates revenue primarily through the construction, operation, management, and development of toll roads and related service areas in Anhui province, China.

Dividend Yield: 6.7%

Anhui Expressway offers a stable dividend history with consistent growth over the past decade, supported by a reasonable payout ratio of 65.1%. However, its dividend yield of 6.69% falls short of the top quartile in Hong Kong and is not well covered by free cash flows due to a high cash payout ratio of 321.5%. Recent earnings showed increased sales but decreased net income year-over-year, potentially affecting future dividend sustainability.

• Dive into the specifics of Anhui Expressway here with our thorough dividend report.

• Our valuation report here indicates Anhui Expressway may be overvalued.

Next Steps

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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 ENXTLS:IBS SEHK:386 and SEHK:995.

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