In This Article:
Exploring the Upcoming Dividend and Financial Health of Jardine Cycle & Carriage Ltd
Jardine Cycle & Carriage Ltd (JCYGY) recently announced a dividend of $1.8 per share, payable on 2024-06-25, 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 Jardine Cycle & Carriage Ltd's dividend performance and assess its sustainability.
What Does Jardine Cycle & Carriage Ltd Do?
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Jardine Cycle & Carriage Ltd is an investment holding conglomerate focused on investments in the manufacture and distribution of motor vehicles in Southeast Asia. Its segments include Astra, Thaco, direct motor interests, and other interests. The Astra segment includes the company's controlling interest in Astra International, an automotive group in Southeast Asia; THACO is a multi-industry group; Direct Motor extensive dealership network across Southeast Asia. The Other Strategic interests segment includes Southeast Asia investments in Siam City Cement and Refrigeration Electrical Engineering Corporation.
A Glimpse at Jardine Cycle & Carriage Ltd's Dividend History
Jardine Cycle & Carriage Ltd has maintained a consistent dividend payment record since 2011. Dividends are currently distributed on a bi-annual basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Jardine Cycle & Carriage Ltd's Dividend Yield and Growth
As of today, Jardine Cycle & Carriage Ltd currently has a 12-month trailing dividend yield of 5.44% and a 12-month forward dividend yield of 5.78%. This suggests an expectation of increased dividend payments over the next 12 months. Over the past three years, Jardine Cycle & Carriage Ltd's annual dividend growth rate was 12.50%. Extended to a five-year horizon, this rate decreased to 2.60% per year. And over the past decade, Jardine Cycle & Carriage Ltd's annual dividends per share growth rate stands at -1.50%.
Based on Jardine Cycle & Carriage Ltd's dividend yield and five-year growth rate, the 5-year yield on cost of Jardine Cycle & Carriage Ltd stock as of today is approximately 6.18%.
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, Jardine Cycle & Carriage Ltd's dividend payout ratio is 0.38.