Grindwell Norton Dividend
Dividend criteria checks 4/6
Grindwell Norton is a dividend paying company with a current yield of 0.66% that is well covered by earnings.
Key information
0.7%
Dividend yield
49%
Payout ratio
Industry average yield | 0.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | ₹17.000 |
Earnings per share | ₹34.31 |
Dividend yield forecast in 3Y | 1.1% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 506076's dividends per share have been stable in the past 10 years.
Growing Dividend: 506076's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Grindwell Norton Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (506076) | 0.7% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.1% |
Industry Average (Machinery) | 0.7% |
Analyst forecast in 3 Years (506076) | 1.1% |
Notable Dividend: 506076's dividend (0.66%) is higher than the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: 506076's dividend (0.66%) is low compared to the top 25% of dividend payers in the Indian market (1.09%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49.1%), 506076's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (96.2%), 506076's dividend payments are not well covered by cash flows.