Finolex Industries Dividend
Dividend criteria checks 4/6
Finolex Industries is a dividend paying company with a current yield of 0.89% that is well covered by earnings.
Key information
0.9%
Dividend yield
33%
Payout ratio
| Industry average yield | 0.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹2.500 |
| Earnings per share | ₹13.89 |
| Dividend yield forecast | 1.7% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 500940's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500940's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Finolex Industries Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (500940) | 0.9% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.0% |
| Industry Average (Chemicals) | 0.6% |
| Analyst forecast (500940) (up to 3 years) | 1.7% |
Notable Dividend: 500940's dividend (0.89%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: 500940's dividend (0.89%) is low compared to the top 25% of dividend payers in the Indian market (1.02%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.6%), 500940's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (57.9%), 500940's dividend payments are covered by cash flows.