What is Austal current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Austal Dividend Yield vs Market|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Aerospace & Defense)||1.9%|
|Analyst forecast in 3 Years (ASB)||3.5%|
Notable Dividend: ASB's dividend (3.51%) is higher than the bottom 25% of dividend payers in the Australian market (2.8%).
High Dividend: ASB's dividend (3.51%) is low compared to the top 25% of dividend payers in the Australian market (7.16%).
Stability and Growth of Payments
Stable Dividend: ASB has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: ASB's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (36.3%), ASB's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: ASB is paying a dividend but the company has no free cash flows.