NIIT Dividend
Dividend criteria checks 2/6
NIIT is a dividend paying company with a current yield of 0.87% that is well covered by earnings. Next payment date is on 24th October, 2024 with an ex-dividend date of 5th September, 2024.
Key information
0.9%
Dividend yield
43%
Payout ratio
| Industry average yield | 1.1% |
| Next dividend pay date | 24 Oct 24 |
| Ex dividend date | 05 Sep 24 |
| Dividend per share | ₹1.500 |
| Earnings per share | ₹3.27 |
| Dividend yield forecast | 0% |
Recent dividend updates
Recent updates
NIIT Limited's (NSE:NIITLTD) Shares Climb 38% But Its Business Is Yet to Catch Up
Aug 28
NIIT Limited Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
Feb 07Is NIIT (NSE:NIITLTD) A Risky Investment?
Sep 12NIIT (NSE:NIITLTD) Seems To Use Debt Rather Sparingly
Mar 25Is NIIT (NSE:NIITLTD) Using Too Much Debt?
Dec 13We Take A Look At Whether NIIT Limited's (NSE:NIITLTD) CEO May Be Underpaid
Jul 29Read This Before Buying NIIT Limited (NSE:NIITLTD) For Its Dividend
Apr 12Have Insiders Sold NIIT Limited (NSE:NIITLTD) Shares Recently?
Mar 21Does NIIT (NSE:NIITLTD) Have A Healthy Balance Sheet?
Mar 16Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NIITLTD's dividend payments have been volatile in the past 10 years.
Growing Dividend: NIITLTD's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| NIIT Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NIITLTD) | 0.9% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Consumer Services) | 1.1% |
| Analyst forecast (NIITLTD) (up to 3 years) | 0% |
Notable Dividend: NIITLTD's dividend (0.87%) is higher than the bottom 25% of dividend payers in the Indian market (0.23%).
High Dividend: NIITLTD's dividend (0.87%) is low compared to the top 25% of dividend payers in the Indian market (1.06%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.5%), NIITLTD's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: NIITLTD is paying a dividend but the company has no free cash flows.