Southern Petrochemical Industries Dividends and Buybacks
Dividend criteria checks 3/6
Southern Petrochemical Industries is a dividend paying company with a current yield of 2.08% that is well covered by earnings.
Key information
2.1%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹1.500 |
| Payout ratio | 27% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 590030 has been paying a dividend for less than 10 years.
Growing Dividend: 590030's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| Southern Petrochemical Industries Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (590030) | 2.1% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (Chemicals) | 0.7% |
| Analyst forecast (590030) (up to 3 years) | n/a |
Notable Dividend: 590030's dividend (2.08%) is higher than the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: 590030's dividend (2.08%) 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 (27%), 590030's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 590030 is paying a dividend but the company has no free cash flows.