Castings Dividends and Buybacks
Dividend criteria checks 5/6
Castings is a dividend paying company with a current yield of 9.74% that is well covered by earnings. Next payment date is on 2nd January, 2025 with an ex-dividend date of 21st November, 2024.
Key information
9.7%
Dividend yield
0%
Buyback Yield
| Total Shareholder Yield | 9.7% |
| Future Dividend Yield | 7.5% |
| Dividend Growth | 9.8% |
| Next dividend pay date | 02 Jan 25 |
| Ex dividend date | 21 Nov 24 |
| Dividend per share | UK£0.253 |
| Payout ratio | 66% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CGSL's dividends per share have been stable in the past 10 years.
Growing Dividend: CGSL's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Castings Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CGSL) | 9.7% |
| Market Bottom 25% (GB) | 2.1% |
| Market Top 25% (GB) | 5.8% |
| Industry Average (Metals and Mining) | 4.5% |
| Analyst forecast (CGSL) (up to 3 years) | 7.5% |
Notable Dividend: CGSL's dividend (9.74%) is higher than the bottom 25% of dividend payers in the UK market (2.11%).
High Dividend: CGSL's dividend (9.74%) is in the top 25% of dividend payers in the UK market (5.87%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (66.1%), CGSL's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: CGSL is paying a dividend but the company has no free cash flows.