Mahanagar Gas Dividend
Dividend criteria checks 4/6
Mahanagar Gas is a dividend paying company with a current yield of 1.96% that is well covered by earnings.
Key information
2.0%
Dividend yield
21%
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 | ₹130.89 |
Dividend yield forecast in 3Y | 3.1% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 539957 has been paying a dividend for less than 10 years.
Growing Dividend: 539957's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
Mahanagar Gas Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (539957) | 2.0% |
Market Bottom 25% (IN) | 0.3% |
Market Top 25% (IN) | 1.2% |
Industry Average (Gas Utilities) | 1.7% |
Analyst forecast in 3 Years (539957) | 3.1% |
Notable Dividend: 539957's dividend (1.96%) is higher than the bottom 25% of dividend payers in the Indian market (0.26%).
High Dividend: 539957's dividend (1.96%) is in the top 25% of dividend payers in the Indian market (1.17%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (21.4%), 539957's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (39.2%), 539957's dividend payments are well covered by cash flows.