Laxmi Organic Industries Dividend
Dividend criteria checks 2/6
Laxmi Organic Industries is a dividend paying company with a current yield of 0.23% that is well covered by earnings. Next payment date is on 29th August, 2024 with an ex-dividend date of 19th July, 2024.
Key information
0.2%
Dividend yield
13%
Payout ratio
| Industry average yield | 0.7% |
| Next dividend pay date | 29 Aug 24 |
| Ex dividend date | 19 Jul 24 |
| Dividend per share | n/a |
| Earnings per share | ₹4.38 |
| Dividend yield forecast in 3Y | 0.3% |
Recent dividend updates
Laxmi Organic Industries' (NSE:LXCHEM) Dividend Is Being Reduced To ₹0.50
Jul 14
Laxmi Organic Industries' (NSE:LXCHEM) Dividend Is Being Reduced To ₹0.50
May 21Laxmi Organic Industries (NSE:LXCHEM) Will Pay A Larger Dividend Than Last Year At ₹0.70
Jul 10Recent updates
Some Investors May Be Willing To Look Past Laxmi Organic Industries' (NSE:LXCHEM) Soft Earnings
May 28Laxmi Organic Industries Limited (NSE:LXCHEM) Just Released Its Yearly Earnings: Here's What Analysts Think
May 25Earnings Tell The Story For Laxmi Organic Industries Limited (NSE:LXCHEM)
Mar 26Does This Valuation Of Laxmi Organic Industries Limited (NSE:LXCHEM) Imply Investors Are Overpaying?
Mar 01Analysts Are Updating Their Laxmi Organic Industries Limited (NSE:LXCHEM) Estimates After Its Third-Quarter Results
Jan 27Capital Allocation Trends At Laxmi Organic Industries (NSE:LXCHEM) Aren't Ideal
Aug 29Laxmi Organic Industries' (NSE:LXCHEM) Dividend Is Being Reduced To ₹0.50
Jul 14Laxmi Organic Industries' (NSE:LXCHEM) Dividend Is Being Reduced To ₹0.50
May 21Here's What's Concerning About Laxmi Organic Industries' (NSE:LXCHEM) Returns On Capital
May 17Laxmi Organic Industries (NSE:LXCHEM) Will Pay A Larger Dividend Than Last Year At ₹0.70
Jul 10Many Would Be Envious Of Laxmi Organic Industries' (NSE:LXCHEM) Excellent Returns On Capital
Jun 19Laxmi Organic Industries' (NSE:LXCHEM) Solid Profits Have Weak Fundamentals
May 12If You Like EPS Growth Then Check Out Laxmi Organic Industries (NSE:LXCHEM) Before It's Too Late
Apr 05Upgrade: Analysts Just Made A Notable Increase To Their Laxmi Organic Industries Limited (NSE:LXCHEM) Forecasts
Feb 06Laxmi Organic Industries Limited Just Recorded A 13% Revenue Beat: Here's What Analysts Think
Feb 05Risks To Shareholder Returns Are Elevated At These Prices For Laxmi Organic Industries Limited (NSE:LXCHEM)
Feb 04Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: LXCHEM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: LXCHEM'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 (LXCHEM) | 0.2% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Chemicals) | 0.7% |
| Analyst forecast in 3 Years (LXCHEM) | 0.3% |
Notable Dividend: LXCHEM's dividend (0.23%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.27%).
High Dividend: LXCHEM's dividend (0.23%) 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 (13.5%), LXCHEM's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (5.3%), LXCHEM's dividend payments are thoroughly covered by cash flows.