Lakshmi Automatic Loom Works Dividend
Dividend criteria checks 3/6
Lakshmi Automatic Loom Works is a dividend paying company with a current yield of 0.53% that is well covered by earnings.
Key information
0.5%
Dividend yield
31%
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 | ₹35.28 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 505302 has been paying a dividend for less than 10 years.
Growing Dividend: 505302 has only been paying a dividend for 2 years, and since then payments have not increased.
Dividend Yield vs Market
Lakshmi Automatic Loom Works Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (505302) | 0.5% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Real Estate) | 0.4% |
Analyst forecast in 3 Years (505302) | n/a |
Notable Dividend: 505302's dividend (0.53%) is higher than the bottom 25% of dividend payers in the Indian market (0.27%).
High Dividend: 505302's dividend (0.53%) is low compared to the top 25% of dividend payers in the Indian market (1.23%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.4%), 505302's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (21.3%), 505302's dividend payments are well covered by cash flows.