Gränges is a dividend paying company with a current yield of 2.36% that is well covered by earnings. Next payment date is on 16th May, 2024 with an ex-dividend date of 10th May, 2024.
Key information
2.4%
Dividend yield
32%
Payout ratio
Industry average yield
3.8%
Next dividend pay date
16 May 24
Ex dividend date
10 May 24
Dividend per share
n/a
Earnings per share
€9.34
Dividend yield forecast in 3Y
3.5%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 9GR has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 9GR's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
Gränges Dividend Yield vs Market
How does 9GR dividend yield compare to the market?
Segment
Dividend Yield
Company (9GR)
2.4%
Market Bottom 25% (DE)
1.7%
Market Top 25% (DE)
4.8%
Industry Average (Metals and Mining)
3.8%
Analyst forecast in 3 Years (9GR)
3.5%
Notable Dividend: 9GR's dividend (2.36%) is higher than the bottom 25% of dividend payers in the German market (1.65%).
High Dividend: 9GR's dividend (2.36%) is low compared to the top 25% of dividend payers in the German market (4.77%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.1%), 9GR's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (16.4%), 9GR's dividend payments are well covered by cash flows.