Confidence Futuristic Energetech Dividend
Dividend criteria checks 3/6
Confidence Futuristic Energetech is a dividend paying company with a current yield of 0.51% that is well covered by earnings.
Key information
0.5%
Dividend yield
11%
Payout ratio
| Industry average yield | 0.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹0.375 |
| Earnings per share | ₹2.01 |
| Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 539991 has been paying a dividend for less than 10 years.
Growing Dividend: 539991 has only been paying a dividend for 3 years, and since then payments have not increased.
Dividend Yield vs Market
| Confidence Futuristic Energetech Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (539991) | 0.5% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.0% |
| Industry Average (Machinery) | 0.7% |
| Analyst forecast (539991) (up to 3 years) | n/a |
Notable Dividend: 539991's dividend (0.51%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: 539991's dividend (0.51%) 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 (10.9%), 539991's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (6%), 539991's dividend payments are thoroughly covered by cash flows.