Akshar Spintex Dividend
Dividend criteria checks 3/6
Akshar Spintex is a dividend paying company with a current yield of 0.68% that is well covered by earnings.
Key information
0.7%
Dividend yield
4%
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 | ₹0.20 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 541303's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 541303's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
Akshar Spintex Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (541303) | 0.7% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Luxury) | 0.5% |
Analyst forecast in 3 Years (541303) | n/a |
Notable Dividend: 541303's dividend (0.68%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 541303's dividend (0.68%) is low compared to the top 25% of dividend payers in the Indian market (1.18%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (4.4%), 541303's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (10.1%), 541303's dividend payments are thoroughly covered by cash flows.