In This Article:
Insights into Upcoming Dividends and Historical Performance
CK Hutchison Holdings Ltd (CKHUY) recently announced a dividend of $0.23 per share, payable on 2024-06-28, with the ex-dividend date set for 2024-05-29. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into CK Hutchison Holdings Ltd's dividend performance and assess its sustainability.
What Does CK Hutchison Holdings Ltd Do?
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CK Hutchison Holdings, or CKH, is a Hong Kong headquartered conglomerate with key businesses in ports, retail, infrastructure, and telecommunications. The company was created in 2015 to house the merged assets of Cheung Kong Holdings and Hutchison Whampoa as the group sought to flatten out and simplify its original holding structure. CKH contains most of the businesses previously housed in Hutchison Whampoa, minus the property assets, which were spun off into their own listing, CK Asset Holdings. Telecommunications and infrastructure activities now make up the largest share of EBITDA, at around 27%.
A Glimpse at CK Hutchison Holdings Ltd's Dividend History
CK Hutchison Holdings Ltd has maintained a consistent dividend payment record since 2018. Dividends are currently distributed on a bi-annually basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down CK Hutchison Holdings Ltd's Dividend Yield and Growth
As of today, CK Hutchison Holdings Ltd currently has a 12-month trailing dividend yield of 6.88% and a 12-month forward dividend yield of 6.14%. This suggests an expectation of decreased dividend payments over the next 12 months.
Over the past three years, CK Hutchison Holdings Ltd's annual dividend growth rate was -0.80%. Extended to a five-year horizon, this rate decreased to -2.30% per year. And over the past decade, CK Hutchison Holdings Ltd's annual dividends per share growth rate stands at -2.20%.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2023-12-31, CK Hutchison Holdings Ltd's dividend payout ratio is 0.28.