About Shenzhen Expressway Corporation Limited (SHZNF) — Dividend Analysis 2026
Shenzhen Expressway Corporation Limited, together with its subsidiaries, primarily invests in, constructs, operates, and manages toll highways and roads, as well as other urban and transport infrastructure in the People's Republic of China. The company provides construction management and highways operation management services for government and other enterprises, as well as project development and management, advertising, construction consulting, inter-network toll collection, and financial services; and billboard leasing, advertising agency, and design production and related services. It also invests in industries and project construction; and offers property management, real estate development, and engineering consulting services. In addition, the company provides infrastructure construction, environment protection construction, equipment manufacturing, capital market, apartment rental and management, environmental technology development consultation, land development, architecture and engineering, and environmental projects and advisory services. It operated and invested in 17 toll highway projects. The company was incorporated in 1996 and is based in Shenzhen, the People's Republic of China. Shenzhen Expressway Corporation Limited is a subsidiary of Shenzhen International Holdings Limited.
Is SHZNF a good dividend investment in 2026?
SHZNF offers a 3.58% forward yield with a 50% payout ratio. Strand Safety Score: 78/100 (Safe). The 5-year dividend CAGR of -50% is modest — investors should weigh current income against growth alternatives.
SHZNF DRIP calculator — what's the difference?
With DRIP on a $10,000 investment over 10 years, your SHZNF portfolio grows to $7.2K vs $7.3K without reinvestment. This is the compound interest effect in action.
SHZNF dividend growth history & forecast
SHZNF has grown its dividend by 0% over the last year and -50% annually over 5 years. At this pace, an investor who holds for 10+ years will see their yield on cost grow substantially above the current 3.58%.
Debt/EBITDA 0.0× — low leverage, balance sheet is strong
Earnings Momentum+1.1B → +1.1B → +2.3B
8 / 30 pts
8/30
Net income is positive but trending down — watch for further deterioration
OVERALL ASSESSMENT
Dividend appears safe — fundamentals solid with moderate concerns.
STRAND SCORE
78
/100
Strand Safety Score™ is proprietary to DividendFlow. Inputs: FCF, Debt/EBITDA, Net Income from SEC filings via FMP. Not financial advice. N/A for ETFs, pre-revenue companies, and tickers without income statements.
🌍 SHZNF Yield by Country & Account Type
Real after-tax yield depends on where you live and how you hold SHZNF.
Gross yield
3.58%
Tax rate
15.00%
After-tax yield
3.04%
Real yield (−CPI)
0.24%
Account/Country
Tax Rate
After-tax Yield
Real Yield
$10K Annual Income
🇺🇸 Roth IRA / 401k
0%
3.58%
0.78%
$358 / yr
🇺🇸 US Taxable (15%) ✓
15%
3.04%
0.24%
$304 / yr
🇺🇸 US Taxable (20%)
20%
2.86%
0.06%
$286 / yr
🇬🇧 UK ISA
0%
3.58%
0.78%
$358 / yr
🇬🇧 UK Taxable
8.75%
3.27%
0.47%
$327 / yr
🇨🇦 TFSA
0%
3.58%
0.78%
$358 / yr
🇨🇦 CA Taxable
25%
2.69%
-0.11%
$269 / yr
🇦🇺 Super (pension)
15%
3.04%
0.24%
$304 / yr
🇦🇺 AU Taxable
30%
2.51%
-0.29%
$251 / yr
🇩🇪 DE Taxable
26.375%
2.64%
-0.16%
$264 / yr
🇫🇷 FR Taxable
30%
2.51%
-0.29%
$251 / yr
Real yield = after-tax yield minus US CPI of 2.8%. 12-month CPI (US BLS via FMP economic-indicators). Click any row to select. US withholding tax (30%, reducible by treaty) applies to non-US residents holding US stocks in taxable accounts.
🎯 SHZNF Income Goal & Break-Even
Dividend Break-Even
50yr+
Years for dividends to fully repay your SHZNF investment of $0.95/share (🇺🇸 US Taxable (15%) · 15.00% tax)
$10K invested · 10 Years
Dividends earned (DRIP)
$307.16
Lost to inflation (2.8% CPI)
−$2.5K
Real purchasing power gain
$-2165.13
12-month CPI (US BLS via FMP economic-indicators).
How much do I need to invest in SHZNF for:
Shares needed
830,450
Capital required
$788,928
Monthly income
$2,000
Based on current dividend of $0.03/share/yr · 🇺🇸 US Taxable (15%) · static projection (no growth assumed).
📅 SHZNF Dividend Payment Schedule
SHZNF pays quarterly — 4 times per year. Next ex-div: TBD.
Jan
Feb
Mar
💰
Apr
May
Jun
💰
Jul
Aug
Sep
💰
Oct
Nov
Dec
💰
10 shares
$0.07 / payment
$0.29 / year after tax
100 shares
$0.72 / payment
$2.89 / year after tax
1,000 shares
$7.22 / payment
$28.90 / year after tax
📊 SHZNF vs Industrials Benchmarks
How SHZNF compares to typical Industrials averages.
Benchmark: Industrials
Dividend Yield▲+1.38% vs sectorBetter
SHZNF
3.58%
avg
2.20%
5Y Dividend CAGR▼-57.50% vs sectorBelow avg
SHZNF
-50.00%
avg
7.50%
Payout Ratio▼+6.00% vs sectorBelow avg
SHZNF
50.00%
avg
44.00%
Benchmarks: S&P 500 sector averages (2024–2026). Sources: Morningstar, Bloomberg, NAREIT. 5Y CAGR for SHZNF sourced from FMP /financial-growth endpoint — real data, not estimates.
🏛️ SHZNF Insider Activity
No recent SEC filings reported in the last 90 days.
🔬
Financial Health Scores
Altman Z-Score
0.62
🔴 Distress Zone — elevated dividend cut risk
Safe: >3.0 · Grey: 1.81–3.0 · Distress: <1.81
Piotroski F-Score
5/9
⚠️ Moderate fundamentals
Strong: 7–9 · Moderate: 4–6 · Weak: 0–3
Altman Z-Score predicts bankruptcy risk. Piotroski F-Score measures financial strength across 9 criteria. High scores → lower dividend cut risk. Data via FMP financial statements.
📊 About This Data
Dividend yields, payout ratios, and financial metrics are sourced from Financial Modeling Prep (FMP) and cross-referenced with SEC EDGAR filings. Data is cached and updated every 24 hours via our nightly refresh. DRIP projections are forward-looking estimates, not guarantees.
Educational purposes only. Not financial advice. DividendFlow is not a registered investment advisor. Projections generated by the SHZNF dividend calculator are estimates based on historical data and user inputs. Actual future returns, stock prices, and dividend payments will vary. Dividends can be cut or suspended at any time. All investments carry risk, including the loss of principal. Please consult a qualified financial professional before making any investment decisions. Full disclaimer →