Acknit Industries Dividend
Dividend criteria checks 4/6
Acknit Industries is a dividend paying company with a current yield of 0.59% that is well covered by earnings.
Key information
0.6%
Dividend yield
5%
Payout ratio
Industry average yield | 0.5% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₹25.44 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 530043's dividends per share have been stable in the past 10 years.
Growing Dividend: 530043's dividend payments have not increased over the past 10 years.
Dividend Yield vs Market
Acknit Industries Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (530043) | 0.6% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Luxury) | 0.5% |
Analyst forecast in 3 Years (530043) | n/a |
Notable Dividend: 530043's dividend (0.59%) is higher than the bottom 25% of dividend payers in the Indian market (0.27%).
High Dividend: 530043's dividend (0.59%) is low compared to the top 25% of dividend payers in the Indian market (1.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (5.1%), 530043's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (1.8%), 530043's dividend payments are thoroughly covered by cash flows.