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Dividend Yield: 6.9%

Chongqing Rural Commercial Bank maintains a reliable dividend history with stable and growing payments over the past decade. The bank's recent earnings report shows an increase in net income to CNY 7.36 billion, supporting its sustainable payout ratio of 29.7%. Despite trading at a good value, its dividend yield of 6.94% is below the top tier in Hong Kong but remains attractive due to consistent coverage by earnings and favorable growth forecasts.

• Dive into the specifics of Chongqing Rural Commercial Bank here with our thorough dividend report.

• Our expertly prepared valuation report Chongqing Rural Commercial Bank implies its share price may be lower than expected.

Four Seas Mercantile Holdings

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

Overview: Four Seas Mercantile Holdings Limited is an investment holding company involved in the manufacture and trade of snack foods, confectionery, beverages, frozen food products, noodles, and ham-related products in Hong Kong and Mainland China, with a market cap of HK$968.18 million.

Operations: The company's revenue segments include Food Processing, which generated HK$3.90 billion.

Dividend Yield: 3.8%

Four Seas Mercantile Holdings has a stable and reliable dividend history over the past decade, with recent affirmations of a 6.5 HK cents per share dividend for the year ended March 2024. However, its high payout ratio of 105.3% indicates dividends are not well covered by earnings, though cash flows sufficiently cover them with a low cash payout ratio of 12.9%. Despite trading below estimated fair value, its yield of 3.77% is relatively low in Hong Kong's market context. Recent share buybacks aim to enhance net assets and earnings per share, potentially supporting future dividend stability.

• Get an in-depth perspective on Four Seas Mercantile Holdings' performance by reading our dividend report here.

• Insights from our recent valuation report point to the potential overvaluation of Four Seas Mercantile Holdings shares in the market.

Key Takeaways

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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:1288 SEHK:3618 and SEHK:374.

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