Rane Engine Valve is a dividend paying company with a current yield of 1.17% that is well covered by earnings. Next payment date is on 1st August, 2024 with an ex-dividend date of 16th July, 2024.
Key information
1.2%
Dividend yield
31%
Payout ratio
Industry average yield
0.5%
Next dividend pay date
01 Aug 24
Ex dividend date
16 Jul 24
Dividend per share
n/a
Earnings per share
₹15.84
Dividend yield forecast in 3Y
n/a
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 532988 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 532988's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
Rane Engine Valve Dividend Yield vs Market
How does 532988 dividend yield compare to the market?
Segment
Dividend Yield
Company (532988)
1.2%
Market Bottom 25% (IN)
0.3%
Market Top 25% (IN)
1.1%
Industry Average (Auto Components)
0.5%
Analyst forecast in 3 Years (532988)
n/a
Notable Dividend: 532988's dividend (1.17%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 532988's dividend (1.17%) is in the top 25% of dividend payers in the Indian market (1.11%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.4%), 532988's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22.2%), 532988's dividend payments are well covered by cash flows.