Laurus Labs is a dividend paying company with a current yield of 0.18% that is well covered by earnings. Next payment date is on 25th May, 2024 with an ex-dividend date of 8th May, 2024.
Key information
0.2%
Dividend yield
27%
Payout ratio
Industry average yield
0.7%
Next dividend pay date
25 May 24
Ex dividend date
08 May 24
Dividend per share
n/a
Earnings per share
₹2.98
Dividend yield forecast in 3Y
0.4%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 540222 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 540222's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
Laurus Labs Dividend Yield vs Market
How does 540222 dividend yield compare to the market?
Segment
Dividend Yield
Company (540222)
0.2%
Market Bottom 25% (IN)
0.3%
Market Top 25% (IN)
1.2%
Industry Average (Pharmaceuticals)
0.7%
Analyst forecast in 3 Years (540222)
0.4%
Notable Dividend: 540222's dividend (0.18%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 540222's dividend (0.18%) is low compared to the top 25% of dividend payers in the Indian market (1.18%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (26.8%), 540222's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 540222 is paying a dividend but the company has no free cash flows.