Parkin Company P.J.S.C Dividends and Buybacks
Dividend criteria checks 2/6
Parkin Company P.J.S.C is a dividend paying company with a current yield of 3.32% that is well covered by earnings. Next payment date is on 28th October, 2024 with an ex-dividend date of 11th October, 2024.
Key information
3.3%
Dividend yield
-1.0%
Buyback Yield
| Total Shareholder Yield | 2.3% |
| Future Dividend Yield | 3.8% |
| Dividend Growth | n/a |
| Next dividend pay date | 28 Oct 24 |
| Ex dividend date | 11 Oct 24 |
| Dividend per share | د.إ0.133 |
| Payout ratio | 49% |
Recent dividend and buyback updates
No updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether PARKIN's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if PARKIN's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Parkin Company P.J.S.C Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PARKIN) | 3.3% |
| Market Bottom 25% (AE) | 3.0% |
| Market Top 25% (AE) | 6.2% |
| Industry Average (Commercial Services) | 2.0% |
| Analyst forecast (PARKIN) (up to 3 years) | 3.8% |
Notable Dividend: PARKIN's dividend (3.32%) is higher than the bottom 25% of dividend payers in the AE market (3.06%).
High Dividend: PARKIN's dividend (3.32%) is low compared to the top 25% of dividend payers in the AE market (6.42%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49.1%), PARKIN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: PARKIN is paying a dividend but the company has no free cash flows.