Bytes Technology Group Dividends and Buybacks
Dividend criteria checks 3/6
Bytes Technology Group is a dividend paying company with a current yield of 3.97% that is well covered by earnings. Next payment date is on 22nd November, 2024 with an ex-dividend date of 7th November, 2024.
Key information
4.0%
Dividend yield
-0.2%
Buyback Yield
| Total Shareholder Yield | 3.8% |
| Future Dividend Yield | 4.8% |
| Dividend Growth | 38.2% |
| Next dividend pay date | 22 Nov 24 |
| Ex dividend date | 07 Nov 24 |
| Dividend per share | €0.214 |
| Payout ratio | 42% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 9NY has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 9NY's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Bytes Technology Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (9NY) | 4.0% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.9% |
| Industry Average (Software) | 1.0% |
| Analyst forecast (9NY) (up to 3 years) | 4.8% |
Notable Dividend: 9NY's dividend (3.97%) is higher than the bottom 25% of dividend payers in the German market (1.67%).
High Dividend: 9NY's dividend (3.97%) is low compared to the top 25% of dividend payers in the German market (4.86%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (42.1%), 9NY's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (71.4%), 9NY's dividend payments are covered by cash flows.