Dividend Yield: 7.2%

Agricultural Bank of China, trading at 72% below its estimated fair value, offers a reliable dividend yield of 7.23%, though it is lower than the top 25% in Hong Kong. With a low payout ratio of 31.8%, dividends are well-covered and stable over the past decade. Recent earnings showed slight growth with net income rising to CNY135.89 billion for H1 2024, alongside board changes and approved interim cash dividends totaling RMB40.74 billion for shareholders in January 2025.

• Click here and access our complete dividend analysis report to understand the dynamics of Agricultural Bank of China.

• The analysis detailed in our Agricultural Bank of China valuation report hints at an deflated share price compared to its estimated value.

First Tractor

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: First Tractor Company Limited engages in the research, development, manufacture, and sale of agricultural and power machinery worldwide, with a market cap of HK$16.18 billion.

Operations: First Tractor Company Limited generates revenue from the sale of agricultural and power machinery, along with related products.

Dividend Yield: 4.4%

First Tractor reported H1 2024 earnings with net income rising to CNY 905.35 million from CNY 754.14 million a year ago, reflecting strong profitability. The company trades at a good value, 28.2% below estimated fair value, and offers a dividend yield of 4.44%, lower than the top quartile in Hong Kong but well-covered by both earnings and cash flows with payout ratios of 31.3% and 40.2%, respectively, despite having an unstable dividend history over the past decade.

• Delve into the full analysis dividend report here for a deeper understanding of First Tractor.

• Our comprehensive valuation report raises the possibility that First Tractor is priced lower than what may be justified by its financials.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SEHK:1184 SEHK:1288 and SEHK:38.

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