Grindwell Norton Limited

BSE:506076 Stock Report

Market Cap: ₹264.7b

Grindwell Norton Dividend

Dividend criteria checks 4/6

Grindwell Norton is a dividend paying company with a current yield of 0.65% that is well covered by earnings. Next payment date is on 17th August, 2024 with an ex-dividend date of 9th July, 2024.

Key information

0.7%

Dividend yield

49%

Payout ratio

Industry average yield0.6%
Next dividend pay date17 Aug 24
Ex dividend date09 Jul 24
Dividend per sharen/a
Earnings per share₹34.65
Dividend yield forecast in 3Y0.9%

Recent dividend updates

Recent updates

Upcoming Dividend Payment

TodayMay 29 2024Ex Dividend DateJul 09 2024Dividend Pay DateAug 17 202439 days from Ex DividendBuy in the next 40 days to receive the upcoming dividend

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
How does 506076 dividend yield compare to the market?
SegmentDividend Yield
Company (506076)0.7%
Market Bottom 25% (IN)0.3%
Market Top 25% (IN)1.2%
Industry Average (Machinery)0.6%
Analyst forecast in 3 Years (506076)0.9%

Notable Dividend: 506076's dividend (0.65%) is higher than the bottom 25% of dividend payers in the Indian market (0.28%).

High Dividend: 506076's dividend (0.65%) is low compared to the top 25% of dividend payers in the Indian market (1.21%).


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.


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