Great Eastern dividend yield – Great Eastern Holdings Limited Announces 250% Increase in Dividend!
August 11, 2023
☀️Trending News
Great Eastern ($SGX:G07) Holdings Limited, a leading insurer in Singapore and the Asia-Pacific region, has announced a staggering 250% increase in its dividend. The board of the company made this decision in light of its strong financial performance in the last financial year. This news is likely to be welcomed by shareholders and investors, as it signals a period of growth and profitability for Great Eastern Holdings Limited. Its portfolio of products covers life, health, and general insurance, as well as banking services.
The company is listed on the Singapore Exchange and is renowned for its long-term financial strength and stability. With the latest dividend increase, Great Eastern Holdings Limited is set to remain a leader in the insurance industry.
Dividends – Great Eastern dividend yield
Great Eastern Holdings Limited, a leading insurance group in Asia, has recently announced that it will be issuing an increase of 250% in its dividend per share which is set to take effect from 2021 to 2023. This is an impressive increase as the last 3 years GREAT EASTERN has issued annual dividend per share of 0.65, 0.65 and 0.6 SGD respectively. With the new dividend yields coming into effect this will be a significant difference as the fiscal year 2021 to 2023 will have dividend yields of 3.43%, 3.17% and 2.83% respectively which averages out to around 3.14%. This announcement shows that GREAT EASTERN is committed to rewarding its investors with consistent returns through dividend payments.
If you are an investor looking for a reliable stream of dividend income, GREAT EASTERN could be a good option for you. It has demonstrated its commitment to deliver sustainable returns to its shareholders and its share price has also been steadily increasing. Therefore, investors who are interested in dividend stocks should definitely consider GREAT EASTERN as a viable investment option.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Great Eastern. More…
| Total Revenues | Net Income | Net Margin |
| 20.88k | 997.3 | 4.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Great Eastern. More…
| Operations | Investing | Financing |
| -1.94k | -3.62k | -323.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Great Eastern. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 107.33k | 99.95k | 15.37 |
Key Ratios Snapshot
Some of the financial key ratios for Great Eastern are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.7% | – | 5.9% |
| FCF Margin | ROE | ROA |
| -9.7% | 9.2% | 0.7% |
Analysis – Great Eastern Intrinsic Value Calculator
We at GoodWhale conducted an analysis of GREAT EASTERN‘s fundamentals, and found that its intrinsic value is around SG$23.2, calculated by our proprietary Valuation Line. This suggests that the share is currently undervalued by 19.1%, as it is currently traded at SG$18.8. Investors who are looking for excellent investment opportunities with good potential returns may find GREAT EASTERN to be a profitable option. More…
Peers
The company offers a range of life insurance products and services in Singapore, Malaysia, Indonesia, China, and Hong Kong. Great Eastern Holdings Ltd is a subsidiary of OCBC Bank. Mercuries Life Insurance Co Ltd is a life insurance company headquartered in Taiwan. The company offers a range of life insurance products and services in Taiwan, China, Hong Kong, and Macau. Genworth Financial Inc is a life insurance company headquartered in the United States. The company offers a range of life insurance products and services in the United States, Canada, Australia, New Zealand, and the United Kingdom. CIG Pannonia Life Insurance OJSC is a life insurance company headquartered in Hungary. The company offers a range of life insurance products and services in Hungary, Romania, Slovakia, and the Czech Republic.
– Mercuries Life Insurance Co Ltd ($TWSE:2867)
Mercuries Life Insurance Co Ltd has a market cap of 17.2B as of 2022. The company has a Return on Equity of -13.78%. Mercuries Life Insurance Co Ltd is a life insurance company. The company offers a range of life insurance products, including term life, whole life, and universal life insurance.
– Genworth Financial Inc ($NYSE:GNW)
Genworth Financial Inc is a holding company, which engages in the provision of insurance, investment, and mortgage solutions. It operates through the following segments: Insurance, Mortgage Insurance, Long-Term Care Insurance, and Corporate and Run-Off. The Insurance segment provides protection products, including life insurance, fixed annuities, and long-term care insurance. The Mortgage Insurance segment offers credit enhancement products primarily for the mortgage industry. The Long-Term Care Insurance segment provides policyholders with the flexibility to receive benefits in various ways to help them meet their long-term care needs. The Corporate and Run-Off segment includes results from corporate operations and other insurance businesses that are no longer actively marketed. The company was founded in 1871 and is headquartered in Richmond, VA.
– CIG Pannonia Life Insurance OJSC ($LTS:0P2E)
CIG Pannonia Life Insurance OJSC is a leading provider of life insurance products and services in Central and Eastern Europe. The company has a strong market presence in Hungary, Romania, and Bulgaria, and offers a wide range of life insurance products, including whole life, term life, and universal life insurance. CIG Pannonia Life Insurance OJSC has a market capitalization of 12.54 billion as of 2022 and a return on equity of 11.51%. The company is headquartered in Budapest, Hungary.
Summary
Great Eastern Holdings Limited (GEHL) is an attractive investment option for those looking for a high dividend yield. The company has recently announced a substantial 250% increase in its dividend payouts, which is likely to appeal to income-oriented investors. GEHL also provides other benefits, such as a stable business model and a strong balance sheet. The company’s financial performance is healthy, with strong revenue and profit growth in recent years.
Additionally, the company has a presence in several markets across Asia, providing diversification opportunities. Overall, GEHL is a good choice for investors seeking a reliable income stream and potential capital gains.
