Teejay Lanka Dividends and Buybacks
Dividend criteria checks 1/6
Teejay Lanka is a dividend paying company with a current yield of 1.72% that is well covered by earnings.
Key information
1.7%
Dividend yield
-0.4%
Buyback Yield
| Total Shareholder Yield | 1.3% |
| Future Dividend Yield | 6.7% |
| Dividend Growth | -5.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | LK₨0.750 |
| Payout ratio | 28% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TJL.N0000's dividend payments have been volatile in the past 10 years.
Growing Dividend: TJL.N0000's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Teejay Lanka Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TJL.N0000) | 1.7% |
| Market Bottom 25% (LK) | 2.4% |
| Market Top 25% (LK) | 7.3% |
| Industry Average (Luxury) | 2.5% |
| Analyst forecast (TJL.N0000) (up to 3 years) | 6.7% |
Notable Dividend: TJL.N0000's dividend (1.72%) isn’t notable compared to the bottom 25% of dividend payers in the LK market (2.46%).
High Dividend: TJL.N0000's dividend (1.72%) is low compared to the top 25% of dividend payers in the LK market (7.41%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.3%), TJL.N0000's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: TJL.N0000 is paying a dividend but the company has no free cash flows.