RITES Dividend
Dividend criteria checks 2/6
RITES is a dividend paying company with a current yield of 2.89%.
Key information
2.9%
Dividend yield
99%
Payout ratio
Industry average yield | 1.1% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₹19.20 |
Dividend yield forecast in 3Y | 2.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 541556 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 541556's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
RITES Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (541556) | 2.9% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Professional Services) | 1.1% |
Analyst forecast in 3 Years (541556) | 2.8% |
Notable Dividend: 541556's dividend (2.89%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 541556's dividend (2.89%) is in the top 25% of dividend payers in the Indian market (1.18%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (99%), 541556's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (110.5%), 541556's dividend payments are not well covered by cash flows.