Gujarat Gas Dividend
Dividend criteria checks 4/6
Gujarat Gas is a dividend paying company with a current yield of 1.21% that is well covered by earnings.
Key information
1.2%
Dividend yield
30%
Payout ratio
Industry average yield | 1.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₹16.03 |
Dividend yield forecast in 3Y | 1.3% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 539336 has been paying a dividend for less than 10 years.
Growing Dividend: 539336's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
Gujarat Gas Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (539336) | 1.2% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Gas Utilities) | 1.7% |
Analyst forecast in 3 Years (539336) | 1.3% |
Notable Dividend: 539336's dividend (1.21%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 539336's dividend (1.21%) is in the top 25% of dividend payers in the Indian market (1.18%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (30%), 539336's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (69.8%), 539336's dividend payments are covered by cash flows.