Unfolding Great Eagle Holdings Ltd's Dividend Performance: An Insightful Analysis
In This Article:
Exploring the Dividend History, Yield, and Sustainability of Great Eagle Holdings Ltd (GEAHF)
Great Eagle Holdings Ltd (GEAHF) recently announced a dividend of $0.37 per share, payable on 2023-10-13, with the ex-dividend date set for 2023-09-22. 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 deep dive into Great Eagle Holdings Ltd's dividend performance and assess its sustainability.
Understanding Great Eagle Holdings Ltd
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Great Eagle Holdings Ltd is an investment holding company. The group along with its subsidiaries is engaged in property development and investment, operations of hotels, restaurants and flexible workspaces, asset management, project management, trading of building materials, securities investment, provision of property management, maintenance and property agency services and property leasing. The company generates a majority of its revenue from Hong Kong.
Tracing Great Eagle Holdings Ltd's Dividend History
Great Eagle Holdings Ltd has maintained a consistent dividend payment record since 2014. Dividends are currently distributed on a bi-annually basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Dissecting Great Eagle Holdings Ltd's Dividend Yield and Growth
As of today, Great Eagle Holdings Ltd currently has a 12-month trailing dividend yield of 6.01% and a 12-month forward dividend yield of 6.31%. This suggests an expectation of increased dividend payments over the next 12 months.
Great Eagle Holdings Ltd's dividend yield of 6.01% is near a 10-year high and outperforms 77.44% of global competitors in the Real Estate industry, suggesting that the company's dividend yield stands out as an attractive proposition for income investors.
Extended to a five-year horizon, this rate increased to 1.10% per year. And over the past decade, Great Eagle Holdings Ltd's annual dividends per share growth rate stands at 2.90%. Based on Great Eagle Holdings Ltd's dividend yield and five-year growth rate, the 5-year yield on cost of Great Eagle Holdings Ltd stock as of today is approximately 6.35%.
Assessing Dividend Sustainability: 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 2023-06-30, Great Eagle Holdings Ltd's dividend payout ratio is 3.77, suggesting that the company's dividend may not be sustainable.