China Yuchai International Limited (NYSE:CYD) to Issue Dividend Increase – $0.53 Per Share

China Yuchai International Limited (NYSE:CYD) declared an annual dividend on Friday, June 13th, Wall Street Journal reports. Stockholders of record on Wednesday, June 25th will be given a dividend of 0.53 per share on Monday, July 7th. This represents a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, June 25th. This is a 39.5% increase from China Yuchai International’s previous annual dividend of $0.38.

China Yuchai International has a dividend payout ratio of 23.5% indicating that its dividend is sufficiently covered by earnings. Analysts expect China Yuchai International to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.38 annual dividend with an expected future payout ratio of 29.0%.

China Yuchai International Stock Down 2.5%

CYD stock opened at $21.17 on Monday. China Yuchai International has a twelve month low of $8.42 and a twelve month high of $26.10. The company has a quick ratio of 1.20, a current ratio of 1.55 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $17.36 and its 200-day moving average is $15.15. The firm has a market capitalization of $794.15 million, a PE ratio of 13.07 and a beta of 0.95.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CYD. Greenridge Global lowered China Yuchai International from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 26th. Wall Street Zen lowered China Yuchai International from a “buy” rating to a “hold” rating in a report on Friday, February 28th.

Institutional Trading of China Yuchai International

An institutional investor recently bought a new position in China Yuchai International stock. Goldman Sachs Group Inc. purchased a new position in shares of China Yuchai International Limited (NYSE:CYD) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,845 shares of the company’s stock, valued at approximately $422,000. Goldman Sachs Group Inc. owned 0.07% of China Yuchai International at the end of the most recent quarter.

China Yuchai International Company Profile

China Yuchai International Limited, through its subsidiaries, manufactures, assembles, and sells diesel and natural gas engines for trucks, buses and passenger vehicles, marine, industrial, construction, agriculture, and generator set applications in the People’s Republic of China and internationally.