Thermax Dividend
Dividend criteria checks 3/6
Thermax is a dividend paying company with a current yield of 0.23% that is well covered by earnings.
Key information
0.2%
Dividend yield
25%
Payout ratio
Industry average yield | 0.6% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₹54.25 |
Dividend yield forecast in 3Y | 0.4% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 500411's dividends per share have been stable in the past 10 years.
Growing Dividend: 500411's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Thermax Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (500411) | 0.2% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Machinery) | 0.6% |
Analyst forecast in 3 Years (500411) | 0.4% |
Notable Dividend: 500411's dividend (0.23%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 500411's dividend (0.23%) is low compared to the top 25% of dividend payers in the Indian market (1.18%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (25%), 500411's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 500411 is paying a dividend but the company has no free cash flows.