Zenith Drugs Dividends and Buybacks
Dividend criteria checks 2/6
Zenith Drugs is a dividend paying company with a current yield of 0.51% that is well covered by earnings.
Key information
0.5%
Dividend yield
-20.6%
Buyback Yield
| Total Shareholder Yield | -20.1% |
| Future Dividend Yield | n/a |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹0.500 |
| Payout ratio | 7% |
Recent dividend and buyback updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether ZENITHDRUG's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if ZENITHDRUG's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Zenith Drugs Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ZENITHDRUG) | 0.5% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.1% |
| Industry Average (Pharmaceuticals) | 0.7% |
| Analyst forecast (ZENITHDRUG) (up to 3 years) | n/a |
Notable Dividend: ZENITHDRUG's dividend (0.51%) is higher than the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: ZENITHDRUG's dividend (0.51%) is low compared to the top 25% of dividend payers in the Indian market (1.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (7.2%), ZENITHDRUG's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: ZENITHDRUG is paying a dividend but the company has no free cash flows.