Glenmark Life Sciences Dividend
Dividend criteria checks 4/6
Glenmark Life Sciences is a dividend paying company with a current yield of 3% that is well covered by earnings.
Key information
3.0%
Dividend yield
53%
Payout ratio
Industry average yield | 0.8% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₹42.38 |
Dividend yield forecast in 3Y | 2.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 543322 has been paying a dividend for less than 10 years.
Growing Dividend: 543322's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
Glenmark Life Sciences Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (543322) | 3.0% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Pharmaceuticals) | 0.8% |
Analyst forecast in 3 Years (543322) | 2.8% |
Notable Dividend: 543322's dividend (3%) is higher than the bottom 25% of dividend payers in the Indian market (0.27%).
High Dividend: 543322's dividend (3%) is in the top 25% of dividend payers in the Indian market (1.19%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (53.1%), 543322's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (85.5%), 543322's dividend payments are covered by cash flows.