PGP Glass Ceylon Dividends and Buybacks
Dividend criteria checks 4/6
PGP Glass Ceylon is a dividend paying company with a current yield of 5.37% that is well covered by earnings. Next payment date is on 12th December, 2024 with an ex-dividend date of 25th November, 2024.
Key information
5.4%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 5.4% |
| Dividend Growth | -1.9% |
| Next dividend pay date | 12 Dec 24 |
| Ex dividend date | 25 Nov 24 |
| Dividend per share | LK₨1.600 |
| Payout ratio | 46% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GLAS.N0000's dividend payments have been volatile in the past 10 years.
Growing Dividend: GLAS.N0000's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| PGP Glass Ceylon Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GLAS.N0000) | 5.4% |
| Market Bottom 25% (LK) | 2.4% |
| Market Top 25% (LK) | 7.5% |
| Industry Average (Packaging) | 1.9% |
| Analyst forecast (GLAS.N0000) (up to 3 years) | 5.4% |
Notable Dividend: GLAS.N0000's dividend (5.37%) is higher than the bottom 25% of dividend payers in the LK market (2.43%).
High Dividend: GLAS.N0000's dividend (5.37%) is low compared to the top 25% of dividend payers in the LK market (7.47%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.9%), GLAS.N0000's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (48.7%), GLAS.N0000's dividend payments are well covered by cash flows.