Gram Car Carriers Dividend
Dividend criteria checks 4/6
Gram Car Carriers is a dividend paying company with a current yield of 15.9% that is well covered by earnings.
Key information
15.9%
Dividend yield
76%
Payout ratio
| Industry average yield | 12.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | kr3.87 |
| Dividend yield forecast in 3Y | 9.8% |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, GCC has been paying a dividend for less than 10 years.
Growing Dividend: GCC's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| Gram Car Carriers Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GCC) | 15.9% |
| Market Bottom 25% (NO) | 3.4% |
| Market Top 25% (NO) | 7.9% |
| Industry Average (Shipping) | 12.1% |
| Analyst forecast in 3 Years (GCC) | 9.8% |
Notable Dividend: GCC's dividend (15.9%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.44%).
High Dividend: GCC's dividend (15.9%) is in the top 25% of dividend payers in the Norwegian market (7.86%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (75.9%), GCC's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (68.9%), GCC's dividend payments are covered by cash flows.