Le Merite Exports Dividend
Dividend criteria checks 2/6
Le Merite Exports is a dividend paying company with a current yield of 0.61% that is well covered by earnings.
Key information
0.6%
Dividend yield
40%
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 | ₹0.68 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Here's What's Concerning About Le Merite Exports' (NSE:LEMERITE) Returns On Capital
Mar 19
Investors Could Be Concerned With Le Merite Exports' (NSE:LEMERITE) Returns On Capital
Oct 24Le Merite Exports (NSE:LEMERITE) Is Reinvesting At Lower Rates Of Return
Jul 08Market Might Still Lack Some Conviction On Le Merite Exports Limited (NSE:LEMERITE) Even After 30% Share Price Boost
Sep 15Stability and Growth of Payments
Fetching dividends data
Stable Dividend: LEMERITE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: LEMERITE has only been paying a dividend for 2 years, and since then payments have fallen.
Dividend Yield vs Market
| Le Merite Exports Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (LEMERITE) | 0.6% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (Luxury) | 0.5% |
| Analyst forecast in 3 Years (LEMERITE) | n/a |
Notable Dividend: LEMERITE's dividend (0.61%) is higher than the bottom 25% of dividend payers in the Indian market (0.27%).
High Dividend: LEMERITE's dividend (0.61%) is low compared to the top 25% of dividend payers in the Indian market (1.2%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.4%), LEMERITE's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: LEMERITE is paying a dividend but the company has no free cash flows.