New India Assurance Dividend
Dividend criteria checks 2/6
New India Assurance is a dividend paying company with a current yield of 0.83% 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
The New India Assurance Company Limited (NSE:NIACL) Looks Just Right With A 28% Price Jump
Feb 17
Market Might Still Lack Some Conviction On The New India Assurance Company Limited (NSE:NIACL) Even After 48% Share Price Boost
Dec 18Earnings Miss: The New India Assurance Company Limited Missed EPS By 32% And Analysts Are Revising Their Forecasts
Jun 09The New India Assurance Company Limited (NSE:NIACL) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?
Feb 21What Type Of Returns Would New India Assurance's(NSE:NIACL) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?
Dec 02
Investors Who Bought New India Assurance (NSE:NIACL) Shares A Year Ago Are Now Up 11%
Aug 19Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NIACL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NIACL 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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NIACL) | 0.8% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (Insurance) | 0.7% |
| Analyst forecast in 3 Years (NIACL) | n/a |
Notable Dividend: NIACL's dividend (0.83%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: NIACL's dividend (0.83%) 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%), NIACL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: NIACL is paying a dividend but the company has no free cash flows.