Thermax Dividend
Dividend criteria checks 3/6
Thermax is a dividend paying company with a current yield of 0.24% that is well covered by earnings.
Key information
0.2%
Dividend yield
21%
Payout ratio
| Industry average yield | 0.6% |
| Next dividend pay date | n/a |
| Ex dividend date | 05 Jul 24 |
| Dividend per share | n/a |
| Earnings per share | ₹57.30 |
| Dividend yield forecast in 3Y | 0.7% |
Recent dividend updates
Recent updates
Thermax (NSE:THERMAX) Has Some Way To Go To Become A Multi-Bagger
May 03
Revenues Tell The Story For Thermax Limited (NSE:THERMAX) As Its Stock Soars 26%
Apr 06Does Thermax (NSE:THERMAX) Have A Healthy Balance Sheet?
Mar 24Thermax Limited's (NSE:THERMAX) Share Price Matching Investor Opinion
Jan 08Thermax (NSE:THERMAX) Seems To Use Debt Quite Sensibly
Dec 17Here's What To Make Of Thermax's (NSE:THERMAX) Decelerating Rates Of Return
Nov 26These 4 Measures Indicate That Thermax (NSE:THERMAX) Is Using Debt Safely
Sep 14Here's What To Make Of Thermax's (NSE:THERMAX) Decelerating Rates Of Return
Aug 19We Think Thermax (NSE:THERMAX) Can Manage Its Debt With Ease
May 19Returns On Capital At Thermax (NSE:THERMAX) Have Hit The Brakes
Feb 19Thermax (NSE:THERMAX) Could Easily Take On More Debt
Jan 02Returns On Capital At Thermax (NSE:THERMAX) Paint A Concerning Picture
Nov 09Capital Allocation Trends At Thermax (NSE:THERMAX) Aren't Ideal
Aug 11Thermax's (NSE:THERMAX) Upcoming Dividend Will Be Larger Than Last Year's
Jul 14Is Thermax (NSE:THERMAX) A Risky Investment?
Jul 03Thermax (NSE:THERMAX) Hasn't Managed To Accelerate Its Returns
Apr 28Thermax (NSE:THERMAX) Could Easily Take On More Debt
Mar 29Thermax (NSE:THERMAX) Has More To Do To Multiply In Value Going Forward
Jan 22We Think Thermax (NSE:THERMAX) Can Manage Its Debt With Ease
Dec 24Thermax (NSE:THERMAX) Is Reinvesting At Lower Rates Of Return
Oct 22Thermax (NSE:THERMAX) Seems To Use Debt Rather Sparingly
Sep 21We Think Thermax (NSE:THERMAX) Can Stay On Top Of Its Debt
Jun 04Returns On Capital At Thermax (NSE:THERMAX) Paint A Concerning Picture
Mar 08Can Mixed Fundamentals Have A Negative Impact on Thermax Limited (NSE:THERMAX) Current Share Price Momentum?
Jan 21Reflecting on Thermax's (NSE:THERMAX) Share Price Returns Over The Last Three Years
Jan 06Thermax (NSE:THERMAX) Has A Pretty Healthy Balance Sheet
Dec 22
How Well Is Thermax (NSE:THERMAX) Allocating Its Capital?
Dec 08Here's Why We Think Thermax's (NSE:THERMAX) Statutory Earnings Might Be Conservative
Nov 23Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: THERMAX's dividends per share have been stable in the past 10 years.
Growing Dividend: THERMAX's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Thermax Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (THERMAX) | 0.2% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (Machinery) | 0.6% |
| Analyst forecast in 3 Years (THERMAX) | 0.7% |
Notable Dividend: THERMAX's dividend (0.24%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.27%).
High Dividend: THERMAX's dividend (0.24%) is low compared to the top 25% of dividend payers in the Indian market (1.22%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (20.9%), THERMAX's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: THERMAX is paying a dividend but the company has no free cash flows.