Suryaamba Spinning Mills Dividend
Dividend criteria checks 3/6
Suryaamba Spinning Mills is a dividend paying company with a current yield of 0.63% that is well covered by earnings. Next payment date is on 28th October, 2024 with an ex-dividend date of 20th September, 2024.
Key information
0.6%
Dividend yield
17%
Payout ratio
| Industry average yield | 0.5% |
| Next dividend pay date | 28 Oct 24 |
| Ex dividend date | 20 Sep 24 |
| Dividend per share | ₹1.000 |
| Earnings per share | ₹3.87 |
| Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 533101 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 533101 has only been paying a dividend for 9 years, and since then payments have not increased.
Dividend Yield vs Market
| Suryaamba Spinning Mills Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (533101) | 0.6% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Luxury) | 0.5% |
| Analyst forecast (533101) (up to 3 years) | n/a |
Notable Dividend: 533101's dividend (0.63%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: 533101's dividend (0.63%) is low compared to the top 25% of dividend payers in the Indian market (1.07%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (16.7%), 533101's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (2.4%), 533101's dividend payments are thoroughly covered by cash flows.