China Yuchai International (NYSE:CYD) announced a special dividend on Tuesday, June 19th, RTT News reports. Stockholders of record on Friday, June 29th will be given a dividend of 1.48 per share on Tuesday, July 10th. This is a positive change from China Yuchai International’s previous special dividend of $0.90.
China Yuchai International has decreased its dividend payment by an average of 9.1% annually over the last three years.
NYSE:CYD opened at $23.25 on Wednesday. The firm has a market capitalization of $905.62 million, a PE ratio of 7.70 and a beta of 1.07. China Yuchai International has a one year low of $16.16 and a one year high of $27.98.
A number of equities analysts recently weighed in on the stock. Greenridge Global assumed coverage on shares of China Yuchai International in a research report on Monday. They set a “buy” rating and a $28.00 price target on the stock. ValuEngine lowered shares of China Yuchai International from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, TheStreet lowered shares of China Yuchai International from a “b-” rating to a “c+” rating in a research report on Tuesday, May 15th.
China Yuchai International Company Profile
China Yuchai International Limited, through its subsidiaries, manufactures and sells diesel and natural gas engines in the People's Republic of China and internationally. It operates in two segments, Yuchai and HLGE. The company provides diesel and natural gas engines for light trucks, medium and heavy-duty trucks, buses and passenger vehicles, and marine and industrial applications; and generator sets.
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