China Yuchai International Limited (NYSE:CYD) to Issue Dividend Increase – $0.38 Per Share

China Yuchai International Limited (NYSE:CYD) declared an annual dividend on Wednesday, August 7th, Wall Street Journal reports. Stockholders of record on Monday, August 19th will be paid a dividend of 0.38 per share on Wednesday, August 28th. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, August 19th. This is a positive change from China Yuchai International’s previous annual dividend of $0.28.

China Yuchai International has decreased its dividend by an average of 30.9% annually over the last three years. China Yuchai International has a dividend payout ratio of 29.0% indicating that its dividend is sufficiently covered by earnings.

China Yuchai International Stock Down 2.2 %

Shares of China Yuchai International stock opened at $11.18 on Friday. The company has a market cap of $3.02 million, a P/E ratio of 8.53 and a beta of 1.05. China Yuchai International has a 52-week low of $7.83 and a 52-week high of $11.70. The company has a quick ratio of 1.20, a current ratio of 1.59 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average price is $9.41 and its 200-day moving average price is $8.82.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of China Yuchai International in a research report on Friday. They set a “strong-buy” rating on the stock.

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.