Veto Switchgears and Cables Dividends and Buybacks
Dividend criteria checks 3/6
Veto Switchgears and Cables is a dividend paying company with a current yield of 0.69% that is well covered by earnings.
Key information
0.7%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | -7.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹1.000 |
| Payout ratio | 11% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 539331 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 539331 has only been paying a dividend for 9 years, and since then payments have fallen.
Dividend Yield vs Market
| Veto Switchgears and Cables Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (539331) | 0.7% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Electrical) | 0.3% |
| Analyst forecast (539331) (up to 3 years) | n/a |
Notable Dividend: 539331's dividend (0.69%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: 539331's dividend (0.69%) is low compared to the top 25% of dividend payers in the Indian market (1.12%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (10.6%), 539331's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (12%), 539331's dividend payments are thoroughly covered by cash flows.