Concord Biotech Dividend
Dividend criteria checks 3/6
Concord Biotech is a dividend paying company with a current yield of 0.56% that is well covered by earnings.
Key information
0.6%
Dividend yield
30%
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 | ₹29.45 |
Dividend yield forecast in 3Y | 1.0% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 543960's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 543960's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
Concord Biotech Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (543960) | 0.6% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.1% |
Industry Average (Pharmaceuticals) | 0.8% |
Analyst forecast in 3 Years (543960) | 1.0% |
Notable Dividend: 543960's dividend (0.56%) is higher than the bottom 25% of dividend payers in the Indian market (0.27%).
High Dividend: 543960's dividend (0.56%) is low compared to the top 25% of dividend payers in the Indian market (1.13%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.7%), 543960's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (50.9%), 543960's dividend payments are covered by cash flows.