Golden Throat Holdings Group's (HKG:6896) Dividend Will Be Reduced To CN¥0.50
Golden Throat Holdings Group Company Limited (HKG:6896) will pay a dividend of CN¥0.50 on 26th June, down from last year's comparable dividend. The yield is still above the industry average at 9.4%. Despite this, the stock price has increased by 67% in the last 3 months, which may explain the decrease in dividend yield. The company's dividend was higher than its profits, making up 83% of cash flows. Over the next year, EPS could expand by 13.7%, but the payout ratio could be 127%, putting pressure on the balance sheet. Golden Throat Holdings Group's dividend history shows inconsistency, with rapid growth followed by cuts. While earnings per share have grown at 14% per year over the past five years, the high payout ratio may limit future dividend growth. The company does not appear to be a reliable income stock due to its inconsistent dividend policy.
Simply Wall St · 06/02 23:15