Forbes has published 2024 Forbes The Global 2000 ranking on 13 June 2024. With steady development of indicators including operating income, profit, asset scale and market value, Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318) ranked 29th among global enterprises. It is number 2 among global insurance companies, number 6 among Chinese companies and number 1 among China's insurance companies.
Ping An Insurance (Group) Co. of China Ltd (PNGAY) recently announced a dividend of $0.41 per share, scheduled for payment on August 5, 2024, with an ex-dividend date of June 11, 2024. As investors anticipate this upcoming disbursement, it's crucial to examine the company's dividend track record, yield, and growth rates. Utilizing GuruFocus data, this analysis delves into the dividend performance of Ping An Insurance (Group) Co. of China Ltd and evaluates its sustainability.
China's macroeconomy and capital market development remains steady this year, and Ping An will maintain a balanced "double barbell" asset allocation to ensure stable returns, said Benjamin Deng, Chief Investment Officer of Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318 / 82318; SSE: 601318). Mr. Deng was speaking at Asian Investor's Asian Investment Summit in Hong Kong.