Summit Power Dividend
Dividend criteria checks 4/6
Summit Power is a dividend paying company with a current yield of 4.39% that is well covered by earnings.
Key information
4.4%
Dividend yield
45%
Payout ratio
Industry average yield | 5.2% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ৳2.20 |
Dividend yield forecast in 3Y | 4.4% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SUMITPOWER has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: SUMITPOWER has only been paying a dividend for 8 years, and since then payments have fallen.
Dividend Yield vs Market
Summit Power Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (SUMITPOWER) | 4.4% |
Market Bottom 25% (BD) | 0.9% |
Market Top 25% (BD) | 4.1% |
Industry Average (Renewable Energy) | 5.2% |
Analyst forecast in 3 Years (SUMITPOWER) | 4.4% |
Notable Dividend: SUMITPOWER's dividend (4.39%) is higher than the bottom 25% of dividend payers in the BD market (0.94%).
High Dividend: SUMITPOWER's dividend (4.39%) is in the top 25% of dividend payers in the BD market (4.12%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.3%), SUMITPOWER's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (14.9%), SUMITPOWER's dividend payments are thoroughly covered by cash flows.