HiTech Group Australia Limited

ASX:HIT Stock Report

Mkt Cap: AU$88.3m

HiTech Group Australia Dividend

What is HiTech Group Australia current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


5.71%

Current Dividend Yield

Dividend Yield vs Market

HiTech Group Australia Dividend Yield vs Market
How does HIT dividend yield compare to the market?
SegmentDividend Yield
Company (HIT)5.7%
Market Bottom 25% (AU)2.5%
Market Top 25% (AU)6.8%
Industry Average (Professional Services)4.0%
Analyst forecast in 3 Years (HIT)n/a

Notable Dividend: HIT's dividend (5.71%) is higher than the bottom 25% of dividend payers in the Australian market (2.55%).

High Dividend: HIT's dividend (5.71%) is low compared to the top 25% of dividend payers in the Australian market (6.84%).


Stability and Growth of Payments

How stable has HiTech Group Australia's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
1/21/20230.125.71
9/16/20220.125.9
8/11/20220.125.67
2/16/20220.15.12
9/13/20210.125.57
8/13/20210.14.46
8/12/20210.124.83
2/15/20210.0954.85
8/12/20200.084.79
2/12/20200.086.22
8/12/20190.086.83
2/11/20190.087.84
9/18/20180.088.57
8/13/20180.088.04
2/15/20180.087.91
8/16/20170.067.88
2/21/20170.0610.04
8/22/20160.023.56
2/18/2015-0
9/30/2014-0
8/28/2014-0
9/20/20130.0056.79
8/29/20130.0056.47

Stable Dividend: HIT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: HIT's dividend payments have increased, but the company has only paid a dividend for 9 years.


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (102.5%), HIT's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (67.6%), HIT's dividend payments are covered by cash flows.


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