Wharf (1997.HK) dividend yield, history and 2029 forecast
When is Wharf's next earnings date, and what were its last results?
Wharf pays HK$0.94 per share for the first half of 2026, up from HK$0.66 a year earlier. Its operating cash covered distributions from 2021 through 2025.
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Executive summary + 8 chapters · 18,021 words · 111 sources
Is Wharf 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.
From 2021 through 2025, Wharf REIC’s operating cash covered its distributions every year, while the company also reduced debt.
Wharf dividend forecast: how much will it pay by 2029?
In 2026, the board raised the payout policy from 65% to 90% of recurring core underlying profit from Hong Kong investment properties and hotels. A stronger balance sheet made that possible, but it leaves less cash to fund maintenance, acquisitions or further debt reduction. The next test is whether recurring cash, rather than a Singapore sale gain, can support the larger payout.
The forecast's table · base case, then bear / bull in brackets; HKD millions, per share in HKD, unless shown · November 2027
- Core underlying net profit6,700 (6,200 / 7,000)
- Shares (millions)3,036 (3,036 / 3,036)
- Dividends per share1.88 (1.50 / 1.98)
- Price to Core underlying net profit13.50 (11.50 / 15.00)
What is Wharf's dividend yield at today's price?
The higher payout improves the immediate income case: Wharf now intends to distribute about 90% of specified recurring profit, and its first interim dividend was HK$0.94 per share. A matching second payment would imply HK$1.88 for the year, but the board has not guaranteed that outcome.
How much does Wharf pay in dividends over time?
On 6 August 2026, the board raised its policy from 65% to 90% of recurrent underlying profit from Hong Kong investment properties and hotels. It declared HK$0.94 per share for the first half of 2026, up from HK$0.66 a year earlier. The policy change itself implied a 38% increase in the base dividend.
Last eight reported periods · HK$ millions; per share in HK$ · Half-year to Jun 2026
- Revenue6,340
- Net property income4,413
- Distribution per unit0.94
Questions about the Wharf (1997.HK) dividend
Where could Wharf stock be by 2029?
Our report's forecast is HK$30.34 a share by November 2029, from the HK$31.10 close of November 3, 2026. Wharf stock forecast →
More on Wharf (1997.HK)
More Wharf pages
Wharf'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 Wharf's filings, writes the report, checks the numbers against them and cites each source, 111 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.