Mindspace Business Parks REIT Dividend
Dividend criteria checks 4/6
Mindspace Business Parks REIT is a dividend paying company with a current yield of 5.41% that is well covered by earnings. Next payment date is on 15th May, 2024 with an ex-dividend date of 9th May, 2024.
Key information
5.4%
Dividend yield
79%
Payout ratio
Industry average yield | 5.6% |
Next dividend pay date | 15 May 24 |
Ex dividend date | 09 May 24 |
Dividend per share | n/a |
Earnings per share | ₹8.85 |
Dividend yield forecast in 3Y | 7.2% |
Recent dividend updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, MINDSPACE has been paying a dividend for less than 10 years.
Growing Dividend: MINDSPACE's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
Mindspace Business Parks REIT Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (MINDSPACE) | 5.4% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Office REITs) | 5.6% |
Analyst forecast in 3 Years (MINDSPACE) | 7.2% |
Notable Dividend: MINDSPACE's dividend (5.41%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: MINDSPACE's dividend (5.41%) is in the top 25% of dividend payers in the Indian market (1.19%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (79.3%), MINDSPACE's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (74.4%), MINDSPACE's dividend payments are covered by cash flows.