New India Assurance Dividend
Dividend criteria checks 2/6
New India Assurance is a dividend paying company with a current yield of 0.79% that is well covered by earnings.
Key information
0.8%
Dividend yield
30%
Payout ratio
Industry average yield | 0.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₹5.65 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 540769 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 540769 has only been paying a dividend for 6 years, and since then payments have fallen.
Dividend Yield vs Market
New India Assurance Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (540769) | 0.8% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Insurance) | 0.7% |
Analyst forecast in 3 Years (540769) | n/a |
Notable Dividend: 540769's dividend (0.79%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 540769's dividend (0.79%) is low compared to the top 25% of dividend payers in the Indian market (1.18%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.3%), 540769's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 540769 is paying a dividend but the company has no free cash flows.