China Yuchai International Limited (CYD) To Go Ex-Dividend on July 17th

China Yuchai International Limited (NYSE:CYD) announced an annual dividend on Thursday, July 2nd. Investors of record on Friday, July 17th will be paid a dividend of 0.87 per share on Tuesday, July 28th. This represents a dividend yield of 201.0%. The ex-dividend date of this dividend is Friday, July 17th. This is a 64.2% increase from China Yuchai International’s previous annual dividend of $0.53.

China Yuchai International has decreased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. China Yuchai International has a payout ratio of 53.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect China Yuchai International to earn $4.18 per share next year, which means the company should continue to be able to cover its $0.87 annual dividend with an expected future payout ratio of 20.8%.

China Yuchai International Stock Performance

NYSE CYD opened at $45.43 on Wednesday. China Yuchai International has a twelve month low of $21.27 and a twelve month high of $61.48. The stock has a fifty day simple moving average of $50.41 and a 200 day simple moving average of $45.84.

Institutional Investors Weigh In On China Yuchai International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UBS Group AG raised its stake in China Yuchai International by 752.8% during the 3rd quarter. UBS Group AG now owns 849,464 shares of the company’s stock worth $35,142,000 after buying an additional 749,861 shares during the period. Millennium Management LLC boosted its holdings in China Yuchai International by 157.3% in the third quarter. Millennium Management LLC now owns 720,231 shares of the company’s stock worth $29,796,000 after acquiring an additional 440,278 shares in the last quarter. Matthews International Capital Management LLC grew its stake in China Yuchai International by 423.7% in the first quarter. Matthews International Capital Management LLC now owns 324,034 shares of the company’s stock valued at $12,475,000 after acquiring an additional 262,165 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in China Yuchai International in the second quarter valued at approximately $4,307,000. Finally, Tudor Investment Corp ET AL increased its holdings in shares of China Yuchai International by 545.9% during the third quarter. Tudor Investment Corp ET AL now owns 154,425 shares of the company’s stock valued at $6,389,000 after acquiring an additional 130,515 shares in the last quarter.

About China Yuchai International

China Yuchai International Ltd. (NYSE: CYD) is a Cayman Islands–incorporated holding company with principal executive offices in Singapore. Through its subsidiaries, the company is a leading manufacturer and distributor of diesel engines in the People’s Republic of China. Its principal operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has been producing diesel engines since 1951 and ranks among the country’s largest heavy-duty engine makers.

The company’s core product portfolio includes high-speed and medium-speed diesel engines for on-highway trucks and buses, off-road vehicles such as construction and agricultural machinery, marine propulsion systems, and power generator sets.