Akshar Spintex Dividend
Dividend criteria checks 2/6
Akshar Spintex is a dividend paying company with a current yield of 1.04% that is well covered by earnings.
Key information
1.0%
Dividend yield
4%
Payout ratio
| Industry average yield | 0.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹0.0167 |
| Earnings per share | ₹0.11 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Not Many Are Piling Into Akshar Spintex Limited (NSE:AKSHAR) Stock Yet As It Plummets 32%
Aug 24
Positive Sentiment Still Eludes Akshar Spintex Limited (NSE:AKSHAR) Following 27% Share Price Slump
Mar 19Does Akshar Spintex (NSE:AKSHAR) Have A Healthy Balance Sheet?
Feb 09Why We're Not Concerned Yet About Akshar Spintex Limited's (NSE:AKSHAR) 29% Share Price Plunge
Dec 27After Leaping 29% Akshar Spintex Limited (NSE:AKSHAR) Shares Are Not Flying Under The Radar
Jul 03Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether AKSHAR's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if AKSHAR's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Akshar Spintex Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (AKSHAR) | 1.0% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Luxury) | 0.5% |
| Analyst forecast in 3 Years (AKSHAR) | n/a |
Notable Dividend: AKSHAR's dividend (1.04%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: AKSHAR's dividend (1.04%) is low compared to the top 25% of dividend payers in the Indian market (1.05%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (4.4%), AKSHAR's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (318.9%), AKSHAR's dividend payments are not well covered by cash flows.