China Yuchai International Limited (NYSE:CYD – Get Free Report) declared an annual dividend on Thursday, July 2nd. Shareholders of record on Friday, July 17th will be paid a dividend of 0.87 per share on Tuesday, July 28th. This represents a yield of 201.0%. The ex-dividend date is Friday, July 17th. This is a 64.2% increase from China Yuchai International’s previous annual dividend of $0.53.
China Yuchai International has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. China Yuchai International has a payout ratio of 32.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect China Yuchai International to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.53 annual dividend with an expected future payout ratio of 12.7%.
China Yuchai International Stock Performance
China Yuchai International stock traded down $3.07 during mid-day trading on Thursday, reaching $43.22. The company had a trading volume of 232,790 shares, compared to its average volume of 198,204. China Yuchai International has a fifty-two week low of $21.27 and a fifty-two week high of $61.48. The business has a fifty day simple moving average of $49.69 and a 200 day simple moving average of $45.22.
About China Yuchai International
China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.
The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.
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