Is the brilliance china automotive good buy for dividends?

Brilliance China Automotive Holdings Limited (1114.HK) may not be the best option for income-focused investors seeking dividends, primarily due to its low dividend score. 1. **Dividend Yield and History**: The company has not paid any dividends in the past 12 months. The most recent ex-dividend date was on July 3, 2024, for a dividend payment of HK$4.30 per share, which represents a significant payout. However, there is no upcoming dividend scheduled as of August 17, 2024. 2. **Dividend Payout Ratio**: The dividend payout ratio is not provided, but the company's earnings per share (EPS) have shown variability over the years, with a negative growth rate in 2020 and a slight increase in 2021. This suggests that the company's earnings may not be sustainable at their current level, which could impact its ability to pay dividends. 3. **Financial Health**: The company's financial health is mixed, with a high level of non-cash earnings and a negative earnings quality forecast. This could indicate potential challenges in maintaining a stable dividend payout. 4. **Analyst Perspectives**: Analysts have differing views on the company's performance, with one reporting a bearish sentiment due to a large special dividend payout and potential passive selling, while another sees the company as potentially undervalued. This divergence in opinions could reflect uncertainty about the company's future dividend prospects. 5. **Stock Performance**: The stock's year-to-date percentage change of +125.39% indicates significant growth, which could be appealing to investors looking for capital appreciation. However, the stock has experienced volatility, with a recent dip of -3.27% in the latest trading session. In conclusion, while Brilliance China Automotive Holdings has the potential for capital appreciation, given its strong growth score and recent stock performance, it may not be a reliable source for income-focused investors due to its low dividend score and variable earnings history. The company's financial health and the absence of scheduled dividends in the near term further support this conclusion.