Nirlon Dividend
What is Nirlon current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend Score 3/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
6.07%
Current Dividend Yield
Dividend Yield vs Market
| Nirlon Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (500307) | 6.1% |
| Market Bottom 25% (IN) | 0.4% |
| Market Top 25% (IN) | 1.6% |
| Industry Average (Real Estate) | 0.8% |
| Analyst forecast in 3 Years (500307) | n/a |
Notable Dividend: 500307's dividend (6.07%) is higher than the bottom 25% of dividend payers in the Indian market (0.37%).
High Dividend: 500307's dividend (6.07%) is in the top 25% of dividend payers in the Indian market (1.57%)
Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 1/27/2023 | 22 | 6.07 |
| 8/11/2022 | 22 | 6.08 |
| 2/9/2022 | 15 | 3.92 |
| 8/13/2021 | 8 | 2.24 |
| 6/30/2020 | 0.75 | 0.28 |
| 6/20/2019 | 0.75 | 0.32 |
| 8/27/2018 | 0.75 | 0.38 |
| 4/27/2017 | 0.75 | 0.36 |
| 4/28/2016 | 0.75 | 0.37 |
| 9/24/2015 | 0.75 | 0.41 |
| 10/8/2014 | 0.75 | 0.42 |
Stable Dividend: Whilst dividend payments have been stable, 500307 has been paying a dividend for less than 10 years.
Growing Dividend: 500307's dividend payments have increased, but the company has only paid a dividend for 8 years.
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (94.2%), 500307's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (54.4%), 500307's dividend payments are covered by cash flows.