Lanka IOC Dividend

Dividend criteria checks 4/6

Lanka IOC is a dividend paying company with a current yield of 3.08% that is well covered by earnings. Next payment date is on 18th July, 2024 with an ex-dividend date of 1st July, 2024.

Key information

3.1%

Dividend yield

12%

Payout ratio

Industry average yield6.0%
Next dividend pay date18 Jul 24
Ex dividend date01 Jul 24
Dividend per sharen/a
Earnings per shareLK₨26.19
Dividend yield forecast in 3Y4.6%

Recent dividend updates

Recent updates

Upcoming Dividend Payment

TodayJun 14 2024Ex Dividend DateJul 01 2024Dividend Pay DateJul 18 202417 days from Ex DividendBuy in the next 17 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: LIOC.N0000's dividend payments have been volatile in the past 10 years.

Growing Dividend: LIOC.N0000's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Lanka IOC Dividend Yield vs Market
How does LIOC.N0000 dividend yield compare to the market?
SegmentDividend Yield
Company (LIOC.N0000)3.1%
Market Bottom 25% (LK)2.4%
Market Top 25% (LK)8.1%
Industry Average (Oil and Gas)6.0%
Analyst forecast in 3 Years (LIOC.N0000)4.6%

Notable Dividend: LIOC.N0000's dividend (3.08%) is higher than the bottom 25% of dividend payers in the LK market (2.39%).

High Dividend: LIOC.N0000's dividend (3.08%) is low compared to the top 25% of dividend payers in the LK market (8.05%).


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (12%), LIOC.N0000's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (10.5%), LIOC.N0000's dividend payments are thoroughly covered by cash flows.


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