Paradeep Phosphates Dividend
Dividend criteria checks 3/6
Paradeep Phosphates is a dividend paying company with a current yield of 0.6% that is well covered by earnings. Next payment date is on 25th October, 2024 with an ex-dividend date of 17th September, 2024.
Key information
0.6%
Dividend yield
41%
Payout ratio
| Industry average yield | 0.6% |
| Next dividend pay date | 25 Oct 24 |
| Ex dividend date | 17 Sep 24 |
| Dividend per share | ₹0.500 |
| Earnings per share | ₹2.76 |
| Dividend yield forecast | 1.4% |
Recent dividend updates
Recent updates
Paradeep Phosphates (NSE:PARADEEP) Is Paying Out A Dividend Of ₹0.50
Sep 02
Here's Why Paradeep Phosphates (NSE:PARADEEP) Is Weighed Down By Its Debt Load
Jul 31Paradeep Phosphates Limited's (NSE:PARADEEP) Price Is Right But Growth Is Lacking
May 05Weak Statutory Earnings May Not Tell The Whole Story For Paradeep Phosphates (NSE:PARADEEP)
Nov 12Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether PARADEEP's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if PARADEEP's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Paradeep Phosphates Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PARADEEP) | 0.6% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Chemicals) | 0.6% |
| Analyst forecast in 3 Years (PARADEEP) | 1.4% |
Notable Dividend: PARADEEP's dividend (0.6%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: PARADEEP's dividend (0.6%) is low compared to the top 25% of dividend payers in the Indian market (1.06%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41%), PARADEEP's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (4%), PARADEEP's dividend payments are thoroughly covered by cash flows.