Saurashtra Cement Dividends and Buybacks
Dividend criteria checks 3/6
Saurashtra Cement is a dividend paying company with a current yield of 1.94% that is well covered by earnings.
Key information
1.9%
Dividend yield
-0.02%
Buyback Yield
| Total Shareholder Yield | 1.9% |
| Future Dividend Yield | n/a |
| Dividend Growth | -13.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹2.000 |
| Payout ratio | 39% |
Recent dividend and buyback updates
Recent updates
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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (502175) | 1.9% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (Basic Materials) | 0.5% |
| Analyst forecast (502175) (up to 3 years) | n/a |
Notable Dividend: 502175's dividend (1.94%) is higher than the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: 502175's dividend (1.94%) is in the top 25% of dividend payers in the Indian market (1.15%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.2%), 502175's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 502175 is paying a dividend but the company has no free cash flows.