If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of MTR Corp Ltd is 1.27, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of MTR was 1.73. The lowest was 0.46. And the median was 0.67.
During the past 12 months, MTR's average Dividends Per Share Growth Rate was -9.00% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 2.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 3.90% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 4.90% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of MTR was 20.50% per year. The lowest was 2.10% per year. And the median was 6.30% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
MTR Dividend Yield % Historical Data
The historical data trend for MTR's Dividend Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Railroads subindustry, MTR's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
MTR's Dividend Yield % Distribution in the Transportation Industry
For the Transportation industry and Industrials sector, MTR's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where MTR's Dividend Yield % falls into.
MTR Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
MTR Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
HKD 0.420
2023-08-23
2023-08-25
2023-10-13
Cash Dividend
semi-annually
HKD:HKD 1.000000
HKD 0.890
2023-05-29
2023-05-31
2023-07-18
Cash Dividend
semi-annually
HKD:HKD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
MTR's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
1.31
/
25.15
=
5.21 %
Current Share Price is HK$25.15. MTR's Dividends per Share for the trailing twelve months (TTM) ended in Today is HK$1.31.
MTR's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.84
/
25.15
=
3.34 %
Current Share Price is HK$25.15. MTR's Dividends per Share for the forward twelve months is calculated as HK$0.42 * 2 = HK$0.84.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MTR (HKSE:00066) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Thank you for viewing the detailed overview of MTR's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
MTR constructs and operates Hong Kong's rail network, giving it a monopoly position. In addition to rail operation, the firm makes recurring income from commercial business within the stations. This includes rental of retail outlets and advertisement within the station and investment properties in shopping malls above stations. Residential real estate development forms part of MTR's return for the rail operation. Average operating profit, in a normalized environment, is approximately 20% in rail operation, 60% in station commercial and property leasing business, and 20% in property development. The Hong Kong government owns 75% of MTR.
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