Kelani Tyres Dividend
Dividend criteria checks 3/6
Kelani Tyres is a dividend paying company with a current yield of 6.82% that is well covered by earnings.
Key information
6.8%
Dividend yield
39%
Payout ratio
Industry average yield | 1.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | LK₨12.70 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TYRE.N0000's dividend payments have been volatile in the past 10 years.
Growing Dividend: TYRE.N0000's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Kelani Tyres Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (TYRE.N0000) | 6.8% |
Market Bottom 25% (LK) | 2.3% |
Market Top 25% (LK) | 7.5% |
Industry Average (Auto Components) | 1.9% |
Analyst forecast in 3 Years (TYRE.N0000) | n/a |
Notable Dividend: TYRE.N0000's dividend (6.82%) is higher than the bottom 25% of dividend payers in the LK market (2.31%).
High Dividend: TYRE.N0000's dividend (6.82%) is low compared to the top 25% of dividend payers in the LK market (7.49%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.4%), TYRE.N0000's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (304%), TYRE.N0000's dividend payments are not well covered by cash flows.