Chemanex Dividend
Dividend criteria checks 3/6
Chemanex is a dividend paying company with a current yield of 3.18% that is well covered by earnings.
Key information
3.2%
Dividend yield
28%
Payout ratio
Industry average yield | 5.6% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | LK₨2.500 |
Earnings per share | LK₨8.92 |
Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CHMX.N0000's dividend payments have been volatile in the past 10 years.
Growing Dividend: CHMX.N0000's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Chemanex Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (CHMX.N0000) | 3.2% |
Market Bottom 25% (LK) | 2.7% |
Market Top 25% (LK) | 8.3% |
Industry Average (Chemicals) | 5.6% |
Analyst forecast (CHMX.N0000) (up to 3 years) | n/a |
Notable Dividend: CHMX.N0000's dividend (3.18%) is higher than the bottom 25% of dividend payers in the LK market (2.66%).
High Dividend: CHMX.N0000's dividend (3.18%) is low compared to the top 25% of dividend payers in the LK market (8.18%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28%), CHMX.N0000's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (165.1%), CHMX.N0000's dividend payments are not well covered by cash flows.