Ghandhara Tyre and Rubber Dividend
Dividend criteria checks 1/6
Ghandhara Tyre and Rubber is a dividend paying company with a current yield of 5.05%. Next payment date is on 18th November, 2024 with an ex-dividend date of 17th October, 2024.
Key information
5.1%
Dividend yield
99%
Payout ratio
| Industry average yield | 2.9% |
| Next dividend pay date | 18 Nov 24 |
| Ex dividend date | 17 Oct 24 |
| Dividend per share | PK₨1.870 |
| Earnings per share | PK₨1.88 |
| Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GTYR's dividend payments have been volatile in the past 10 years.
Growing Dividend: GTYR's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Ghandhara Tyre and Rubber Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GTYR) | 5.1% |
| Market Bottom 25% (PK) | 4.0% |
| Market Top 25% (PK) | 11.4% |
| Industry Average (Auto Components) | 2.9% |
| Analyst forecast (GTYR) (up to 3 years) | n/a |
Notable Dividend: GTYR's dividend (5.05%) is higher than the bottom 25% of dividend payers in the PK market (4.01%).
High Dividend: GTYR's dividend (5.05%) is low compared to the top 25% of dividend payers in the PK market (11.53%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (99.5%), GTYR's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: GTYR is paying a dividend but the company has no free cash flows.