Electrosteel Castings Dividend
Dividend criteria checks 4/6
Electrosteel Castings is a dividend paying company with a current yield of 0.85% that is well covered by earnings.
Key information
0.8%
Dividend yield
11%
Payout ratio
| Industry average yield | 0.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹1.800 |
| Earnings per share | ₹14.41 |
| Dividend yield forecast | 1.0% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 500128's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500128's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Electrosteel Castings Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (500128) | 0.8% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.0% |
| Industry Average (Building) | 0.5% |
| Analyst forecast (500128) (up to 3 years) | 1.0% |
Notable Dividend: 500128's dividend (0.85%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: 500128's dividend (0.85%) is low compared to the top 25% of dividend payers in the Indian market (1.03%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (11.3%), 500128's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (19.8%), 500128's dividend payments are well covered by cash flows.