Shipping Corporation of India Land and Assets Dividend
Dividend criteria checks 2/6
Shipping of India Land and Assets is a dividend paying company with a current yield of 0.92% that is well covered by earnings.
Key information
0.9%
Dividend yield
65%
Payout ratio
| Industry average yield | 0.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₹0.660 |
| Earnings per share | ₹0.97 |
| Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether SCILAL's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if SCILAL's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Shipping Corporation of India Land and Assets Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SCILAL) | 0.9% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.0% |
| Industry Average (Real Estate) | 0.4% |
| Analyst forecast (SCILAL) (up to 3 years) | n/a |
Notable Dividend: SCILAL's dividend (0.92%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: SCILAL's dividend (0.92%) is low compared to the top 25% of dividend payers in the Indian market (1.03%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (64.7%), SCILAL's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: SCILAL is paying a dividend but the company has no free cash flows.