Hong Kong dividend stocks as a 2024 hedge?
Some of the research via Google Gemini:
Please list the Hong Kong petroleum stocks with ex dividend dates in the next 2 months:
Based on the information available today, May 10, 2024, the following Hong Kong petroleum stocks have ex-dividend dates within the next 2 months:
PetroChina Co. Ltd. - Ordinary Shares - Class H (Stock Code: 00857) $PETROCHINA(00857)$
Ex-dividend date: June 18, 2024
The P/E ratio (TTM) of the stock is at an attractive 7.80 and commands a forward dividend & yield rate of 6.51%.
Note the growth in net profit, EPS, dividend per share of recent years.
China Petroleum & Chemical Corp - Ordinary Shares - Class H (Stock Code: 00386) $SINOPEC CORP(00386)$
Ex-dividend date: July 8, 2024
The P/E ratio (TTM) is 8.89 and commands a good forward dividend & yield of 8.98%.
Note the net profit has been falling for last 2 years. EPS has fallen from a recent peak of 0.7274 (2021/12) to the recent 0.5358. The dividend per share is falling for the last 3 years.
The businesses are growing and event earnings of petrochina looks good. These stocks usually dip after ex-dividend dates and these could make a good entry point.
These can be good hedging stocks with growth potential and dividend returns. Please research before investing.
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- moobug·2024-05-10thanks for sharing.1Report
