Steel Strips Wheels Dividends and Buybacks
Dividend criteria checks 4/6
Steel Strips Wheels is a dividend paying company with a current yield of 0.5% that is well covered by earnings.
Key information
0.5%
Dividend yield
-0.03%
Buyback Yield
| Total Shareholder Yield | 0.5% |
| Future Dividend Yield | 1.1% |
| Dividend Growth | -8.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹1.000 |
| Payout ratio | 2% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 513262's dividend payments have been volatile in the past 10 years.
Growing Dividend: 513262's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Steel Strips Wheels Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (513262) | 0.5% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (Auto Components) | 0.6% |
| Analyst forecast (513262) (up to 3 years) | 1.1% |
Notable Dividend: 513262's dividend (0.5%) is higher than the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: 513262's dividend (0.5%) is low compared to the top 25% of dividend payers in the Indian market (1.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (2.3%), 513262's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (16.7%), 513262's dividend payments are well covered by cash flows.