Deepak Nitrite Dividend
Dividend criteria checks 5/6
Deepak Nitrite is a dividend paying company with a current yield of 0.3% that is well covered by earnings.
Key information
0.3%
Dividend yield
12%
Payout ratio
Industry average yield | 0.8% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₹57.99 |
Dividend yield forecast in 3Y | 0.4% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 506401's dividends per share have been stable in the past 10 years.
Growing Dividend: 506401's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Deepak Nitrite Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (506401) | 0.3% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Chemicals) | 0.8% |
Analyst forecast in 3 Years (506401) | 0.4% |
Notable Dividend: 506401's dividend (0.3%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 506401's dividend (0.3%) is low compared to the top 25% of dividend payers in the Indian market (1.18%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (12%), 506401's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (28.4%), 506401's dividend payments are well covered by cash flows.