IFGL Refractories Dividend
Dividend criteria checks 3/6
IFGL Refractories is a dividend paying company with a current yield of 1.18% that is well covered by earnings.
Key information
1.2%
Dividend yield
31%
Payout ratio
| Industry average yield | 0.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹7.000 |
| Earnings per share | ₹21.29 |
| Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 540774 has been paying a dividend for less than 10 years.
Growing Dividend: 540774's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| IFGL Refractories Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (540774) | 1.2% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Basic Materials) | 0.5% |
| Analyst forecast (540774) (up to 3 years) | n/a |
Notable Dividend: 540774's dividend (1.18%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: 540774's dividend (1.18%) is in the top 25% of dividend payers in the Indian market (1.05%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.9%), 540774's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (144.6%), 540774's dividend payments are not well covered by cash flows.