Jindal Steel & Power Dividend
Dividend criteria checks 2/6
Jindal Steel & Power is a dividend paying company with a current yield of 0.22% that is well covered by earnings. Next payment date is on 29th September, 2024 with an ex-dividend date of 22nd August, 2024.
Key information
0.2%
Dividend yield
3%
Payout ratio
Industry average yield | 1.6% |
Next dividend pay date | 29 Sep 24 |
Ex dividend date | 22 Aug 24 |
Dividend per share | ₹2.000 |
Earnings per share | ₹54.82 |
Dividend yield forecast in 3Y | 0.3% |
Recent dividend updates
Recent updates
Jindal Steel & Power (NSE:JINDALSTEL) Will Pay A Dividend Of ₹2.00
Aug 11Jindal Steel & Power Limited Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next
Jul 27Improved Earnings Required Before Jindal Steel & Power Limited (NSE:JINDALSTEL) Shares Find Their Feet
Jul 17Are Investors Undervaluing Jindal Steel & Power Limited (NSE:JINDALSTEL) By 41%?
Jun 11Here's Why Jindal Steel & Power (NSE:JINDALSTEL) Can Manage Its Debt Responsibly
May 22A Look At The Intrinsic Value Of Jindal Steel & Power Limited (NSE:JINDALSTEL)
Mar 12We Think Jindal Steel & Power (NSE:JINDALSTEL) Can Stay On Top Of Its Debt
Dec 28We Think Jindal Steel & Power (NSE:JINDALSTEL) Is Taking Some Risk With Its Debt
Sep 25Calculating The Intrinsic Value Of Jindal Steel & Power Limited (NSE:JINDALSTEL)
Aug 13Jindal Steel & Power (NSE:JINDALSTEL) Has A Pretty Healthy Balance Sheet
Jun 08Is Jindal Steel & Power (NSE:JINDALSTEL) Using Too Much Debt?
Feb 19Auditors Have Doubts About Jindal Steel & Power (NSE:JINDALSTEL)
Sep 13A Look At The Intrinsic Value Of Jindal Steel & Power Limited (NSE:JINDALSTEL)
Aug 10Here's Why We Think Jindal Steel & Power (NSE:JINDALSTEL) Is Well Worth Watching
Jun 24Jindal Steel & Power (NSE:JINDALSTEL) Seems To Use Debt Quite Sensibly
Jun 06Should You Be Adding Jindal Steel & Power (NSE:JINDALSTEL) To Your Watchlist Today?
Mar 22Is There An Opportunity With Jindal Steel & Power Limited's (NSE:JINDALSTEL) 34% Undervaluation?
Mar 05Jindal Steel & Power (NSE:JINDALSTEL) Seems To Use Debt Quite Sensibly
Dec 22Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: JINDALSTEL's dividend payments have been volatile in the past 10 years.
Growing Dividend: JINDALSTEL's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Jindal Steel & Power Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (JINDALSTEL) | 0.2% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.1% |
Industry Average (Metals and Mining) | 1.6% |
Analyst forecast in 3 Years (JINDALSTEL) | 0.3% |
Notable Dividend: JINDALSTEL's dividend (0.22%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: JINDALSTEL's dividend (0.22%) is low compared to the top 25% of dividend payers in the Indian market (1.11%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (3.4%), JINDALSTEL's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: JINDALSTEL is paying a dividend but the company has no free cash flows.