63 moons technologies Dividend
Dividend criteria checks 3/6
63 moons technologies is a dividend paying company with a current yield of 0.51% that is well covered by earnings. Next payment date is on 27th October, 2024 with an ex-dividend date of 20th September, 2024.
Key information
0.5%
Dividend yield
4%
Payout ratio
| Industry average yield | 1.1% |
| Next dividend pay date | 27 Oct 24 |
| Ex dividend date | 20 Sep 24 |
| Dividend per share | ₹2.000 |
| Earnings per share | ₹37.88 |
| Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 526881's dividend payments have been volatile in the past 10 years.
Growing Dividend: 526881's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| 63 moons technologies Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (526881) | 0.5% |
| Market Bottom 25% (IN) | 0.2% |
| Market Top 25% (IN) | 1.0% |
| Industry Average (Software) | 1.1% |
| Analyst forecast (526881) (up to 3 years) | n/a |
Notable Dividend: 526881's dividend (0.51%) is higher than the bottom 25% of dividend payers in the Indian market (0.24%).
High Dividend: 526881's dividend (0.51%) is low compared to the top 25% of dividend payers in the Indian market (1.03%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (4.1%), 526881's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22.1%), 526881's dividend payments are well covered by cash flows.