Brite-tech Bhd dividend yield – Brite-Tech Bhd Declares Cash Dividend of 0.008
June 7, 2023
🌥️Dividends Yield
On June 1 2023, Brite-Tech Bhd Declares Cash Dividend of 0.008 MYR per share to its shareholders. Over the past three years, BRITE-TECH BHD ($KLSE:0011) has been paying out an annual dividend per share of 0.01 MYR. This has enabled the company to spread its shareholder returns in a more consistent manner. The dividend yield has been 2.67%, 2.67%, and 1.63% from 2021 to 2023, respectively, with an average dividend yield of 2.32%.
This makes BRITE-TECH BHD an attractive dividend stock option for investors looking to generate passive income and diversify their portfolio. The ex-dividend date is slated for June 16 2023, meaning that if the shares are purchased before the ex-dividend date, the investor will receive the dividend.
Stock Price
The stock opened at RM0.3 and closed at RM0.3, up by 5.0% from the last closing price of 0.3. This dividend will be seen as a direct reward to the investors who have invested in the company and it also serves as an appreciation for their loyalty. It is also expected to further bolster investor confidence in the company, leading to more investments in the future. The cash dividend is made possible due to the steady financial performance of the company and indicates its potential for further growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Brite-tech Bhd. More…
| Total Revenues | Net Income | Net Margin |
| 25.03 | 7.45 | 29.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Brite-tech Bhd. More…
| Operations | Investing | Financing |
| 7.57 | -7.89 | -0.79 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Brite-tech Bhd. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 138.16 | 53.15 | 0.33 |
Key Ratios Snapshot
Some of the financial key ratios for Brite-tech Bhd are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.9% | 16.1% | 44.2% |
| FCF Margin | ROE | ROA |
| 13.9% | 8.3% | 5.0% |
Analysis
GoodWhale conducted an analysis of BRITE-TECH BHD‘s financials and found that the company has a high health score of 8/10, considering its cashflows and debt. This indicates that it is capable of paying off debt and funding future operations. The Star Chart for BRITE-TECH BHD shows that it is strong in dividend payment, but has a medium score in asset, profitability and weak growth. We classify BRITE-TECH BHD as a ‘rhino’ type of company, which has achieved moderate revenue or earnings growth. Investors who are looking for a mid-cap stock with moderate returns might be interested in investing in BRITE-TECH BHD. The company has a strong dividend and is able to pay off its debt, making it attractive to investors who are looking for stability in their portfolios. Additionally, the company’s moderate revenue growth makes it an interesting option for investors seeking moderate returns. More…
Peers
In the competitive global water industry, Brite-Tech Bhd has gone head-to-head with some of the biggest players in the sector, including Kurita Water Industries Ltd, Maezawa Industries Inc, and Shanghai Emperor Of Cleaning Hi-Tech Co Ltd. The competition between these firms is fierce, as each one looks to outdo the other with innovative technologies, better customer service, and more competitive prices.
– Kurita Water Industries Ltd ($TSE:6370)
Kurita Water Industries Ltd is a global provider of water treatment solutions for the industrial, municipal and power industries. The company has a market capitalization of 665.3B as of 2023, and their Return on Equity (ROE) stands at 8.49%. This indicates that Kurita Water Industries is a profitable and well-managed company, with properly allocated resources and a strong financial performance. The market cap represents the value of the company, and the high ROE suggests that Kurita Water Industries is efficiently using its resources to generate shareholder returns.
– Maezawa Industries Inc ($TSE:6489)
Maezawa Industries Inc is a leading company in the Japanese engineering sector. It specializes in construction, machinery, and advanced materials. As of 2023, the company has a market cap of 13.47 billion USD and a Return on Equity of 7.85%. This market cap speaks to the company’s strong performance in a challenging economic environment and its commitment to delivering strong returns to shareholders. The ROE is a measure of the company’s profitability and its ability to generate returns on the capital it has invested. It is well above the average for companies in its industry, highlighting the company’s ability to generate returns from even difficult investments.
– Shanghai Emperor Of Cleaning Hi-Tech Co Ltd ($SHSE:603200)
Shanghai Emperor Of Cleaning Hi-Tech Co Ltd is a Chinese company that specializes in the production of cleaning equipment and technologies. As of 2023, it has a market cap of 3.45 billion, indicating its position as a major provider of cleaning solutions in China. Additionally, the company has a return on equity of 3.09%, which demonstrates its ability to generate profits using the resources at its disposal. This figure is quite impressive, and it reflects positively on the effectiveness and efficiency of the company’s operations.
Summary
Investing in BRITE-TECH BHD has been rewarding for shareholders over the last three years. The company has consistently issued an annual dividend per share of 0.01 MYR, with an average dividend yield of 2.32%. This is slightly higher than the industry average, making BRITE-TECH BHD a lucrative option for investors looking for a solid dividend return. With its strong financial position and stable performance, BRITE-TECH BHD is an attractive prospect for investors looking to generate passive income from a reliable and growing source.
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