Nippon Life India Asset Management Dividend
Dividend criteria checks 2/6
Nippon Life India Asset Management is a dividend paying company with a current yield of 2.83%. Next payment date is on 11th August, 2024 with an ex-dividend date of 28th June, 2024.
Key information
2.8%
Dividend yield
93%
Payout ratio
| Industry average yield | 1.4% |
| Next dividend pay date | 11 Aug 24 |
| Ex dividend date | 28 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | ₹17.56 |
| Dividend yield forecast in 3Y | 3.4% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NAM-INDIA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NAM-INDIA's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Nippon Life India Asset Management Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NAM-INDIA) | 2.8% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (Capital Markets) | 1.4% |
| Analyst forecast in 3 Years (NAM-INDIA) | 3.4% |
Notable Dividend: NAM-INDIA's dividend (2.83%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: NAM-INDIA's dividend (2.83%) is in the top 25% of dividend payers in the Indian market (1.18%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (93.2%), NAM-INDIA's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (135.9%), NAM-INDIA's dividend payments are not well covered by cash flows.