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.