China Yuchai International Limited (CYD) to Distribute Annual Dividend of $0.87 on July 28th

China Yuchai International Limited (NYSE:CYD) announced an annual dividend on Thursday, July 2nd. Shareholders of record on Friday, July 17th will be given a dividend of 0.87 per share on Tuesday, July 28th. This represents a yield of 201.0%. The ex-dividend date is Friday, July 17th. This is a 64.2% increase from China Yuchai International’s previous annual dividend of $0.53.

China Yuchai International has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. China Yuchai International has a payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect China Yuchai International to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.53 annual dividend with an expected future payout ratio of 12.7%.

China Yuchai International Trading Down 0.4%

CYD stock opened at $43.22 on Friday. China Yuchai International has a twelve month low of $21.27 and a twelve month high of $61.48. The business’s fifty day simple moving average is $49.69 and its two-hundred day simple moving average is $45.26.

About China Yuchai International

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.