ZTO Express (Cayman) Inc.
ZTOIndustrials · Stock · semiannual payer
Forward Yield
3.52%
Annual Dividend
$0.69
Payout Ratio
37%
5-Yr Growth
3.1%
Ex-Date
Apr 8, 2026
Frequency
Semiannual
Summary
As of September 2026, ZTO Express (Cayman) Inc. (ZTO) yields 3.52% ($0.69 per share annually), with a blended fair-value estimate of $39.07 — +86% upside, so it screens as undervalued. Dividend safety grade: C (54/100).
Is ZTO a good dividend stock?
MixedZTO Express (Cayman) Inc. (ZTO) pays a semiannual dividend yielding 3.52% ($0.69/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (37%)
Risks
- Cut its dividend in 2025
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.52%
- Payout Ratio
- 37%
- Annual Dividend
- $0.69
- 5-Yr Avg Growth
- 3.1%
- Ex-Dividend Date
- Apr 8, 2026
- Years of Growth
- 0
- Frequency
- semiannual
- Beta
- -0.23
- Market Cap
- $14.7B
- P/E Ratio
- 10.3
- 5-Yr Total Return
- -29%
- 52-Week Range
- $18.11 – $26.20
- Dividend Safety
- C · 54/100
- Ever Cut?
- Yes (2025)
Frequently Asked Questions
ZTO Price — Last 12 Months
Daily close
Price Return
1 Year
+13%
3 Years
-11%
5 Years
-29%
52-Week Range
$18.11 – $26.20
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ZTO worth?
Undervaluedlow confidenceOur blended fair-value estimate for ZTO Express (Cayman) Inc. is $39.07 per share, versus a market price of $20.96. That implies 86% of upside — a margin of safety of about 46%.
Fair Value
$39.07
Current Price
$20.96
Upside
+86%
Margin of Safety
46%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $1.91 EPS, $0.69 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ZTO Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full ZTO dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 8, 2026 | — | $0.3900 | regular |
| Apr 10, 2025 | — | $0.3500 | regular |
| Sep 10, 2024 | — | $0.3500 | regular |
| Apr 9, 2024 | — | $0.6200 | regular |
| Apr 5, 2023 | — | $0.3700 | regular |
| Apr 7, 2022 | — | $0.2500 | regular |
| Apr 7, 2021 | — | $0.2500 | regular |
| Apr 7, 2020 | — | $0.3000 | regular |
| Mar 29, 2019 | — | $0.2400 | regular |
| Mar 22, 2018 | — | $0.2000 | regular |
Income Calculator
At $0.69 / yr per share
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