News

CITIC Telecom International Holdings Limited (HKG:1883) has announced that its investors will receive a payment of HK{TRESC}.06 per share on September 29th. This represents an annual payment of 7.7% of the current stock price, which is above the industry average.

The last dividend payment was easily covered by the company’s earnings, indicating that a significant portion of earnings is being reinvested back into the business. In the next year, earnings per share are expected to grow by 15.7%, which could result in a sustainable payout ratio of 64%.

CITIC Telecom International Holdings has a solid track record of consistent dividend payments. Over the years, the company has increased its distributions at a rate of approximately 9.8% annually. This steady growth in dividends, without any major cuts, is an attractive combination for shareholders.

The company’s earnings per share have also been on an upward trend, growing at a rate of 7.0% per year over the past five years. This, coupled with the fact that only a small portion of earnings is being paid out to shareholders, makes the dividend even more appealing.

Overall, the consistency of CITIC Telecom International Holdings’ dividend, coupled with its strong earnings coverage and cash flows, make it an attractive income stock. While dividends are an important factor to consider when assessing a company, it’s also worth noting other aspects such as management tenure and performance.

Please note that this article is general in nature and does not constitute financial advice. It does not take into account individual objectives or financial situations. Investors should conduct their own analysis and research before making investment decisions.

The post CITIC Telecom International Holdings Announces Dividend Payment on September 29th appeared first on ISP Today.