Bud APAC (1876.HK) dividend yield, history and 2029 forecast
What is the Bud APAC (1876.HK) dividend yield?
Bud APAC (1876.HK) dividend
$0.06a share paid in 2025, our report
- Paid in 2025: $0.06 a share, up from $0.03 in 2021
- Our base-case forecast: $0.44 by November 2027, $0.46 by November 2029
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Is Bud APAC 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.
The dividend was the clearest change. Dividends rose from $374 million paid in 2021 to $748 million paid in 2025. Together with payments to minority owners of subsidiaries, the 2025 distributions exceeded that year’s free cash flow by $180 million. The reserve made the payout possible, but it did not make it self-funding.
The dividend is less comfortably covered. The last annual dividend was HK$0.4425 per share, or about 6.7% of the share price. The roughly US$749 million dividend exceeded the simple 2025 free cash flow estimate, which covered about 86% of it. Bud APAC had US$2.328 billion of cash net of debt using June 30, 2026 balances, but that reserve cannot support a shortfall forever. Distributors also held more beer than management wanted in parts of China, meaning shipments into the trade may not yet represent sales to drinkers.
- 2025126.1 %
- 2024100.6 %
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.
Bud APAC dividend forecast: how much will it pay by 2029?
Management gives no quantified forecast. Its promise is to stabilize China’s volume and market share before pursuing margin recovery. It has not yet kept that promise: China share was still falling in the third quarter of 2026, and management said performance remained below potential.
The dividend anchor is HKD 0.4425, the latest approved annual payment. The base case holds it through 2028 before raising it to HKD 0.46 in 2029. The bear cuts it to HKD 0.30 and then HKD 0.25 because 2025 dividends exceeded free cash flow, whose amount was $593 million against a payout burden of 126.1%. The bull reaches HKD 0.52 as China and regional growth improve cash coverage.
How much does Bud APAC pay per share?
The timing also matters. The $748 million paid during 2025 related to the preceding financial year. Separately, shareholders approved an unchanged final dividend of $0.0566 per share for 2025 at the May 2026 meeting, for payment in 2026. Judging sustainability therefore requires matching each dividend with the year that generated the cash.
Results · US$ millions; per share in US$ · 2025
- Net income489
- EPS, diluted0.04
- Dividend per share0.06
Questions about the Bud APAC (1876.HK) dividend
Does Bud APAC pay a dividend?
Yes. It paid $0.06 a share in 2025.
Is Bud APAC's dividend covered by its cash?
Not every year. Dividends took 126.1 % of free cash flow in 2025 and 100.6 % in 2024 (our arithmetic on the report's figures).
Where could Bud APAC stock be by 2029?
Our report's forecast is HK$5.15 a share by November 2029, from the HK$6.65 close of November 10, 2026. Bud APAC stock forecast →
More on Bud APAC (1876.HK)
More Bud APAC pages
Bud APAC's own filings
This page shows the dividend. The report shows whether the cash pays for it.
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How it is made: AI reads Bud APAC's filings, writes the report, checks the numbers against them and cites each source, 140 in this one. How we work · Corrections
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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.