Saurashtra Cement is a dividend paying company with a current yield of 1.48% that is well covered by earnings. Next payment date is on 20th September, 2024 with an ex-dividend date of 14th August, 2024.
Key information
1.5%
Dividend yield
39%
Payout ratio
Industry average yield
0.5%
Next dividend pay date
20 Sep 24
Ex dividend date
14 Aug 24
Dividend per share
n/a
Earnings per share
₹5.10
Dividend yield forecast in 3Y
n/a
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 502175 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 502175's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
Saurashtra Cement Dividend Yield vs Market
How does 502175 dividend yield compare to the market?
Segment
Dividend Yield
Company (502175)
1.5%
Market Bottom 25% (IN)
0.3%
Market Top 25% (IN)
1.1%
Industry Average (Basic Materials)
0.5%
Analyst forecast in 3 Years (502175)
n/a
Notable Dividend: 502175's dividend (1.48%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 502175's dividend (1.48%) is in the top 25% of dividend payers in the Indian market (1.1%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.1%), 502175's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (25.6%), 502175's dividend payments are well covered by cash flows.