Dev Information Technology Dividend
Dividend criteria checks 2/6
Dev Information Technology is a dividend paying company with a current yield of 0.22% that is well covered by earnings.
Key information
0.2%
Dividend yield
6%
Payout ratio
| Industry average yield | 2.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | ₹3.77 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Not Many Are Piling Into Dev Information Technology Limited (NSE:DEVIT) Stock Yet As It Plummets 30%
Mar 13
Dev Information Technology Limited's (NSE:DEVIT) P/E Is Still On The Mark Following 29% Share Price Bounce
Dec 23Here's Why We Think Dev Information Technology (NSE:DEVIT) Might Deserve Your Attention Today
Dec 16It's Unlikely That Dev Information Technology Limited's (NSE:DEVIT) CEO Will See A Huge Pay Rise This Year
Sep 24Does Dev Information Technology (NSE:DEVIT) Deserve A Spot On Your Watchlist?
Jun 29Has Dev Information Technology Limited's (NSE:DEVIT) Impressive Stock Performance Got Anything to Do With Its Fundamentals?
Feb 08
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, DEVIT has been paying a dividend for less than 10 years.
Growing Dividend: DEVIT's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Dev Information Technology Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DEVIT) | 0.2% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.2% |
| Industry Average (IT) | 2.0% |
| Analyst forecast in 3 Years (DEVIT) | n/a |
Notable Dividend: DEVIT's dividend (0.22%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: DEVIT's dividend (0.22%) is low compared to the top 25% of dividend payers in the Indian market (1.18%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (6.2%), DEVIT's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (11.4%), DEVIT's dividend payments are thoroughly covered by cash flows.