Tessenderlo Group Dividend
Dividend criteria checks 3/6
Tessenderlo Group is a dividend paying company with a current yield of 2.94% that is well covered by earnings.
Key information
2.9%
Dividend yield
52%
Payout ratio
| Industry average yield | 3.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | €0.750 |
| Earnings per share | €1.46 |
| Dividend yield forecast | 3.1% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether TESBB's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if TESBB's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Tessenderlo Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TESBB) | 2.9% |
| Market Bottom 25% (GB) | 2.1% |
| Market Top 25% (GB) | 5.5% |
| Industry Average (Chemicals) | 3.3% |
| Analyst forecast (TESBB) (up to 3 years) | 3.1% |
Notable Dividend: TESBB's dividend (2.94%) is higher than the bottom 25% of dividend payers in the UK market (2.08%).
High Dividend: TESBB's dividend (2.94%) is low compared to the top 25% of dividend payers in the UK market (5.53%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52.2%), TESBB's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (35.9%), TESBB's dividend payments are well covered by cash flows.