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Over the past 10 years Wasion Group Holdings Limited (SEHK:3393) has grown its dividend payouts from CN¥0.09 to CN¥0.24. With a market cap of HK$4.64B, Wasion Group Holdings pays out 64.32% of its earnings, leading to a 5.13% yield. Let me elaborate on you why the stock stands out for income investors like myself. Check out our latest analysis for Wasion Group Holdings
What Is A Dividend Rock Star?
It is a stock that pays a stable and consistent dividend, having done so reliably for the past decade with the expectation of this continuing into the future. More specifically: It is paying an annual yield above 75% of dividend payers It has paid dividend every year without dramatically reducing payout in the past Its has increased its dividend per share amount over the past It can afford to pay the current rate of dividends from its earnings It is able to continue to payout at the current rate in the future
High Yield And Dependable
The company’s dividend yield stands at 5.13%, which is high for Electronic stocks. But the real reason Wasion Group Holdings stands out is because it has a proven track record of continuously paying out this level of dividends, from earnings, to shareholders and can be expected to continue paying in the future. This is a highly desirable trait for a stock holding if you’re investor who wants a robust cash inflow from your portfolio over a long period of time.
Reliablity is an important factor for dividend stocks, particularly for income investors who want a strong track record of payment and a positive outlook for future payout. In the case of 3393 it has increased its DPS from CN¥0.09 to CN¥0.24 in the past 10 years. It has also been paying out dividend consistently during this time, as you’d expect for a company increasing its dividend levels. This is an impressive feat, which makes 3393 a true dividend rockstar. The current trailing twelve-month payout ratio for the stock is 64.32%, which means that the dividend is covered by earnings. Going forward, analysts expect 3393’s payout to remain around the same level at 60.76% of its earnings, which leads to a dividend yield of 6.06%. Moreover, EPS is forecasted to fall to CN¥0.3 in the upcoming year.
Next Steps:
There aren’t many other stocks out there with the same track record as Wasion Group Holdings, so I would certainly recommend further examining the stock if its dividend characteristics appeal to you. However, given this is purely a dividend analysis, you should always research extensively before deciding whether or not a stock is an appropriate investment for you. I always recommend analysing the company’s fundamentals and underlying business before making an investment decision. I’ve put together three relevant factors you should look at: