Xinyi Solar Holdings Ltd's Dividend Analysis
In This Article:
Exploring the Sustainability and Growth of Dividends
Xinyi Solar Holdings Ltd (XISHY) recently announced a dividend of $0.38 per share, payable on 2024-08-22, with the ex-dividend date set for 2024-06-05. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Xinyi Solar Holdings Ltd's dividend performance and assess its sustainability.
What Does Xinyi Solar Holdings Ltd Do?
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Xinyi Solar Holdings Ltd is an investment holding company. Its activities consist of the production and sale of solar glass products, the development and operation of solar farms, and the provision of engineering, procurement, and construction (EPC) services. The company's segments include sales of solar glass; solar farm business which includes solar farm development and solar power generation; and EPC services. It derives revenue from two core business segments, namely the sale and manufacturing of solar glass and solar farm business. Its operations are held in the People's Republic of China and other countries.
A Glimpse at Xinyi Solar Holdings Ltd's Dividend History
Xinyi Solar Holdings Ltd has maintained a consistent dividend payment record since 2021. Dividends are currently distributed on a bi-annually basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Xinyi Solar Holdings Ltd's Dividend Yield and Growth
As of today, Xinyi Solar Holdings Ltd currently has a 12-month trailing dividend yield of 3.41% and a 12-month forward dividend yield of 4.38%. This suggests an expectation of increased dividend payments over the next 12 months. Over the past three years, Xinyi Solar Holdings Ltd's annual dividend growth rate was 1.00%. Extended to a five-year horizon, this rate increased to 10.90% per year. Based on Xinyi Solar Holdings Ltd's dividend yield and five-year growth rate, the 5-year yield on cost of Xinyi Solar Holdings Ltd stock as of today is approximately 5.72%.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2023-12-31, Xinyi Solar Holdings Ltd's dividend payout ratio is 0.37. Xinyi Solar Holdings Ltd's profitability rank, offers an understanding of the company's earnings prowess relative to its peers. GuruFocus ranks Xinyi Solar Holdings Ltd's profitability 10 out of 10 as of 2023-12-31, suggesting good profitability prospects. The company has reported positive net income for each of year over the past decade, further solidifying its high profitability.