Shipping Corporation of India Dividend
Dividend criteria checks 2/6
Shipping of India is a dividend paying company with a current yield of 0.18% that is well covered by earnings.
Key information
0.2%
Dividend yield
3%
Payout ratio
Industry average yield | 4.3% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | ₹0.500 |
Earnings per share | ₹14.58 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 523598 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 523598 has only been paying a dividend for 4 years, and since then payments have fallen.
Dividend Yield vs Market
Shipping Corporation of India Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (523598) | 0.2% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.1% |
Industry Average (Shipping) | 4.3% |
Analyst forecast in 3 Years (523598) | n/a |
Notable Dividend: 523598's dividend (0.18%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.25%).
High Dividend: 523598's dividend (0.18%) is low compared to the top 25% of dividend payers in the Indian market (1.09%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (3.4%), 523598's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (4.8%), 523598's dividend payments are thoroughly covered by cash flows.