Metallurgical Corporation of China and 2 Other High-Yield Dividend Stocks

Metallurgical Corporation of China Ltd. (MCC), VINCI, and LARSEN & TOUBRO LIMITED are three companies known for their high dividend yields, offering investors attractive returns. This article explores the historical performance, dividend payout ratios, and distribution rates of these companies, as well as their peers and industry averages.



Historical Performance of Dividends

MCC has a history of paying annual dividends, with the dividend per share ranging from HKD 0.065 to HKD 0.091 over the past decade. The dividend rate of return has varied between 4.22% and 6.48% during this period. The distribution rate, which represents the percentage of earnings paid out as dividends, has ranged from 17% to 26.7%. The reference price has remained relatively stable, fluctuating between HKD 1.52 and HKD 1.75. The number of stocks has remained consistent at around 20.72 million shares. The announcement dates for the dividends are typically in late July.

VINCI and LARSEN & TOUBRO LIMITED also have consistent dividend payouts, with dividend yields of 4.39% and 0.99%, respectively. Their P/E ratios and EV/Sales ratios indicate strong financial performance, supporting their ability to maintain and grow dividends.

Dividend Payout Ratios and Distribution Rates

MCC's dividend payout ratio and distribution rate for the fiscal year 2023 were 17% and 4.22%, respectively. These figures are in line with the average payout ratio and distribution rate of the Industrials sector, specifically in the Construction & Engineering sub-sector. The average payout ratio and distribution rate of the sector are 2.23% and 2.10%, respectively, as of the date of the information provided.

VINCI and LARSEN & TOUBRO LIMITED also have comparable payout ratios and distribution rates, with VINCI at 4.81% and 4.39%, and LARSEN & TOUBRO LIMITED at 3.82% and 4.67%, respectively.



Comparison to Peers and Industry Averages

MCC's dividend payout ratio and distribution rate are comparable to its peers and industry averages in the Industrials sector, specifically in the Construction & Engineering sub-sector. For example, China State Construction Engineering Corporation Limited and China Railway Group Limited have similar payout ratios and distribution rates, indicating that MCC's dividend policy is in line with industry standards.

VINCI and LARSEN & TOUBRO LIMITED also have dividend payout ratios and distribution rates that are comparable to their peers and industry averages, with strong financial performance supporting their ability to maintain and grow dividends.

In conclusion, MCC, VINCI, and LARSEN & TOUBRO LIMITED are three companies known for their high dividend yields, offering investors attractive returns. Their historical performance, dividend payout ratios, and distribution rates, as well as their comparison to peers and industry averages, indicate that these companies are strong candidates for dividend-focused investors. However, it is essential to conduct thorough research and consider the specific investment goals and risk tolerance before making any investment decisions.