Glenmark Life Sciences Dividend
What is Glenmark Life Sciences's current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Glenmark Life Sciences Dividend Yield vs Market|
|Market Bottom 25% (IN)||0.4%|
|Market Top 25% (IN)||1.6%|
|Industry Average (Pharmaceuticals)||0.9%|
|Analyst forecast in 3 Years (543322)||3.6%|
Notable Dividend: 543322's dividend (5.38%) is higher than the bottom 25% of dividend payers in the Indian market (0.36%).
High Dividend: 543322's dividend (5.38%) is in the top 25% of dividend payers in the Indian market (1.55%)
Stability and Growth of Payments
|Month||Dividend Per Share (annual)||Avg. Yield (%)|
Stable Dividend: Too early to tell whether 543322's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 543322's dividend payments are increasing as they only just started paying a dividend.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30.8%), 543322's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (129.2%), 543322's dividend payments are not well covered by cash flows.