Sundram Fasteners Dividends and Buybacks
Dividend criteria checks 3/6
Sundram Fasteners is a dividend paying company with a current yield of 0.58% that is well covered by earnings. Next payment date is on 3rd December, 2024 with an ex-dividend date of 18th November, 2024.
Key information
0.6%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 0.5% |
| Dividend Growth | -8.1% |
| Next dividend pay date | 03 Dec 24 |
| Ex dividend date | 18 Nov 24 |
| Dividend per share | ₹6.850 |
| Payout ratio | 28% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 500403's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500403's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Sundram Fasteners Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (500403) | 0.6% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (Auto Components) | 0.6% |
| Analyst forecast (500403) (up to 3 years) | 0.5% |
Notable Dividend: 500403's dividend (0.58%) is higher than the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: 500403's dividend (0.58%) is low compared to the top 25% of dividend payers in the Indian market (1.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.6%), 500403's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 500403 is paying a dividend but the company has no free cash flows.