Majestic Auto Dividend
Dividend criteria checks 4/6
Majestic Auto is a dividend paying company with a current yield of 4.87% that is well covered by earnings.
Key information
4.9%
Dividend yield
53%
Payout ratio
Industry average yield | 0.4% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₹30.66 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 500267 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 500267's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
Majestic Auto Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (500267) | 4.9% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Real Estate) | 0.4% |
Analyst forecast in 3 Years (500267) | n/a |
Notable Dividend: 500267's dividend (4.87%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 500267's dividend (4.87%) is in the top 25% of dividend payers in the Indian market (1.18%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (53.2%), 500267's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22%), 500267's dividend payments are well covered by cash flows.