Mixc (1209.HK) dividend yield, history and 2029 forecast
What is the Mixc (1209.HK) dividend yield?
Mixc (1209.HK) dividend
2.9 %dividend yield at the HK$41.64 close of November 6, 2026
RMB 2.14a share paid in 2025, our report
- Paid in 2025: RMB 2.14 a share, up from RMB 0.13 in 2021
- Our base-case forecast: RMB 1.00 by November 2027, RMB 1.20 by November 2029
New accounts get one company's ready report free. No card.
Executive summary + 8 chapters · 19,082 words · 113 sources
Is Mixc a good dividend stock? Does its cash cover the dividend?
Our report makes no buy or sell call. It checks the dividend against free cash flow, the cash the business has left after paying for buildings and equipment.
Free cash flow is the cash left after operating needs and relevant investment spending. It rose from RMB1,901 million in 2021 to RMB3,640 million in 2025, while shareholder dividends rose from RMB300 million to RMB4,881 million over the same period. In 2025, shareholder dividends equalled 134.1% of free cash flow; including dividends to minority owners of subsidiaries, total distributions exceeded that year’s free cash flow by RMB1,339 million.
Cash from operations was RMB4.08 billion in 2025, compared with shareholder profit of RMB3.97 billion. After capital spending and lease payments, stated free cash flow was RMB3.64 billion, equal to about 92% of shareholder profit. This is strong conversion, although acquisitions and maintenance spending can require cash outside that calculation.
- 2025134.1 %
With buybacks, 134.1% (our report).
- 202484.2 %
With buybacks, 84.2% (our report).
Dividends as a share of free cash flow (our arithmetic on the report's figures). Past the dashed line, the dividend cost more than the cash.
What does Mixc's dividend yield mean for your return?
It is the part of your return paid in cash: a year of dividends as a share of the share price, at the November 6, 2026 close.
Free cash flow yield: the cash left in a year after paying for buildings and equipment, as a share of the company's value.
Mixc dividend forecast: how much will it pay by 2029?
Special dividends make the payout look larger still. For the first half of 2026, Mixc declared an ordinary interim dividend of RMB0.586 a share and a special interim dividend of RMB0.391 a share. The ordinary payment is the better guide to recurring income; the special payment may represent a deliberate distribution of reserves. A payout based on core profit, an adjusted measure, also does not guarantee that cash generated in the same period covered it.
What could change Mixc's dividend?
Base paid DPS is CNY1.00 in the first year and CNY1.10 in the second. It reaches CNY1.20 in the third. The path reflects rising DPS through 2025 and the reported practice of distributing 100% of core profit, but allows for weaker cash conversion. The bear case uses CNY0.65 initially and holds it there before moving to CNY0.70. The bull case starts at CNY1.15 and rises to CNY1.30, then CNY1.45, requiring collections and cash flow to improve.
Collection rates and receivables aging are the clearest cash test. Persistent weakness would pressure free cash flow, dividends and the multiple; improvement would support the bull case. Each interim and annual report should therefore be tested against the analyst earnings estimate, commercial growth and cash conversion.
Questions about the Mixc (1209.HK) dividend
Does Mixc pay a dividend?
Yes. It paid RMB 2.14 a share in 2025.
What is the dividend on HK$100 of Mixc shares?
About HK$2.90 a year at the 2.9 % dividend yield: HK$100 buys 2.4 shares at the November 6, 2026 close.
Is Mixc's dividend covered by its cash?
Not every year. Dividends took 134.1 % of free cash flow in 2025 and 84.2 % in 2024 (our arithmetic on the report's figures).
Where could Mixc stock be by 2029?
Our report's forecast is HK$42.43 a share by November 2029, from the HK$41.64 close of November 6, 2026. Mixc stock forecast →
More on Mixc (1209.HK)
More Mixc pages
Mixc's own filings
This page shows the dividend. The report shows whether the cash pays for it.
The full report: an executive summary and 8 chapters, 19,082 words, 52 tables. Its first page opens here, no account needed.
How it is made: AI reads Mixc's filings, writes the report, checks the numbers against them and cites each source, 113 in this one. How we work · Corrections
Read Mixc's full report freeNew accounts get one company's ready report free. No card.
Information only, not investment advice. A dividend can be cut; the forecast gives three cases with their chances. Prices are those of the date shown.