Meera Industries Dividend
Dividend criteria checks 2/6
Meera Industries is a dividend paying company with a current yield of 1.61%.
Key information
1.6%
Dividend yield
n/a
Payout ratio
| Industry average yield | 0.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹1.000 |
| Earnings per share | ₹2.14 |
| Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 540519 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 540519's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Meera Industries Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (540519) | 1.6% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.0% |
| Industry Average (Machinery) | 0.7% |
| Analyst forecast (540519) (up to 3 years) | n/a |
Notable Dividend: 540519's dividend (1.61%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: 540519's dividend (1.61%) is in the top 25% of dividend payers in the Indian market (1.04%)
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate 540519's payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 540519 is paying a dividend but the company has no free cash flows.