Tamijuddin Textile Mills Dividends and Buybacks
Dividend criteria checks 2/6
Tamijuddin Textile Mills is a dividend paying company with a current yield of 1.83% that is well covered by earnings. Next payment date is on 28th January, 2025 with an ex-dividend date of 5th December, 2024.
Key information
1.8%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | 11.2% |
| Next dividend pay date | 28 Jan 25 |
| Ex dividend date | 05 Dec 24 |
| Dividend per share | ৳2.100 |
| Payout ratio | 30% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TAMIJTEX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TAMIJTEX's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Tamijuddin Textile Mills Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TAMIJTEX) | 1.8% |
| Market Bottom 25% (BD) | 1.1% |
| Market Top 25% (BD) | 4.4% |
| Industry Average (Luxury) | 3.4% |
| Analyst forecast (TAMIJTEX) (up to 3 years) | n/a |
Notable Dividend: TAMIJTEX's dividend (1.83%) is higher than the bottom 25% of dividend payers in the BD market (1.08%).
High Dividend: TAMIJTEX's dividend (1.83%) is low compared to the top 25% of dividend payers in the BD market (4.3%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.1%), TAMIJTEX's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: TAMIJTEX is paying a dividend but the company has no free cash flows.