Gränges Dividends and Buybacks
Dividend criteria checks 3/6
Gränges is a dividend paying company with a current yield of 2.21% that is well covered by earnings. Next payment date is on 15th November, 2024 with an ex-dividend date of 11th November, 2024.
Key information
2.2%
Dividend yield
-0.06%
Buyback Yield
| Total Shareholder Yield | 2.1% |
| Future Dividend Yield | 3.6% |
| Dividend Growth | -1.6% |
| Next dividend pay date | 15 Nov 24 |
| Ex dividend date | 11 Nov 24 |
| Dividend per share | SEK 3.000 |
| Payout ratio | 32% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GRNGS has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: GRNGS'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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GRNGS) | 2.2% |
| Market Bottom 25% (GB) | 2.1% |
| Market Top 25% (GB) | 5.9% |
| Industry Average (Metals and Mining) | 4.5% |
| Analyst forecast (GRNGS) (up to 3 years) | 3.6% |
Notable Dividend: GRNGS's dividend (2.21%) is higher than the bottom 25% of dividend payers in the UK market (2.07%).
High Dividend: GRNGS's dividend (2.21%) is low compared to the top 25% of dividend payers in the UK market (5.72%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.1%), GRNGS's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (16.4%), GRNGS's dividend payments are well covered by cash flows.