Laxmi Organic Industries Dividends and Buybacks
Dividend criteria checks 1/6
Laxmi Organic Industries is a dividend paying company with a current yield of 0.24% that is well covered by earnings.
Key information
0.2%
Dividend yield
-4.0%
Buyback Yield
| Total Shareholder Yield | -3.7% |
| Future Dividend Yield | 0.3% |
| Dividend Growth | 9.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹0.600 |
| Payout ratio | 13% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 543277 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 543277's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Laxmi Organic Industries Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (543277) | 0.2% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (Chemicals) | 0.7% |
| Analyst forecast (543277) (up to 3 years) | 0.3% |
Notable Dividend: 543277's dividend (0.24%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: 543277's dividend (0.24%) is low compared to the top 25% of dividend payers in the Indian market (1.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (13.4%), 543277's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 543277 is paying a dividend but the company has no free cash flows.