Spirax Group Dividend
Dividend criteria checks 5/6
Spirax Group is a dividend paying company with a current yield of 2.37% that is well covered by earnings. Next payment date is on 15th November, 2024 with an ex-dividend date of 17th October, 2024.
Key information
2.4%
Dividend yield
62%
Payout ratio
| Industry average yield | 2.4% |
| Next dividend pay date | 15 Nov 24 |
| Ex dividend date | 17 Oct 24 |
| Dividend per share | UK£1.615 |
| Earnings per share | UK£2.61 |
| Dividend yield forecast | 2.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SPXL's dividends per share have been stable in the past 10 years.
Growing Dividend: SPXL's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Spirax Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SPXL) | 2.4% |
| Market Bottom 25% (GB) | 2.1% |
| Market Top 25% (GB) | 5.7% |
| Industry Average (Machinery) | 2.4% |
| Analyst forecast (SPXL) (up to 3 years) | 2.8% |
Notable Dividend: SPXL's dividend (2.37%) is higher than the bottom 25% of dividend payers in the UK market (2.1%).
High Dividend: SPXL's dividend (2.37%) is low compared to the top 25% of dividend payers in the UK market (5.7%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (61.9%), SPXL's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (57.4%), SPXL's dividend payments are covered by cash flows.