HiTech Group Australia Dividend
What is HiTech Group Australia current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend 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 |
|---|
| Segment | Dividend 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
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 1/21/2023 | 0.12 | 5.71 |
| 9/16/2022 | 0.12 | 5.9 |
| 8/11/2022 | 0.12 | 5.67 |
| 2/16/2022 | 0.1 | 5.12 |
| 9/13/2021 | 0.12 | 5.57 |
| 8/13/2021 | 0.1 | 4.46 |
| 8/12/2021 | 0.12 | 4.83 |
| 2/15/2021 | 0.095 | 4.85 |
| 8/12/2020 | 0.08 | 4.79 |
| 2/12/2020 | 0.08 | 6.22 |
| 8/12/2019 | 0.08 | 6.83 |
| 2/11/2019 | 0.08 | 7.84 |
| 9/18/2018 | 0.08 | 8.57 |
| 8/13/2018 | 0.08 | 8.04 |
| 2/15/2018 | 0.08 | 7.91 |
| 8/16/2017 | 0.06 | 7.88 |
| 2/21/2017 | 0.06 | 10.04 |
| 8/22/2016 | 0.02 | 3.56 |
| 2/18/2015 | - | 0 |
| 9/30/2014 | - | 0 |
| 8/28/2014 | - | 0 |
| 9/20/2013 | 0.005 | 6.79 |
| 8/29/2013 | 0.005 | 6.47 |
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.