Bank Alfalah Dividend
Dividend criteria checks 4/6
Bank Alfalah is a dividend paying company with a current yield of 17% that is well covered by earnings. Next payment date is on 28th May, 2024 with an ex-dividend date of 3rd May, 2024.
Key information
17.0%
Dividend yield
35%
Payout ratio
| Industry average yield | 16.0% |
| Next dividend pay date | 28 May 24 |
| Ex dividend date | 03 May 24 |
| Dividend per share | n/a |
| Earnings per share | PK₨23.15 |
| Dividend yield forecast in 3Y | 18.1% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: BAFL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BAFL's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Bank Alfalah Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (BAFL) | 17.0% |
| Market Bottom 25% (PK) | 4.0% |
| Market Top 25% (PK) | 12.7% |
| Industry Average (Banks) | 16.0% |
| Analyst forecast in 3 Years (BAFL) | 18.1% |
Notable Dividend: BAFL's dividend (17%) is higher than the bottom 25% of dividend payers in the PK market (3.99%).
High Dividend: BAFL's dividend (17%) is in the top 25% of dividend payers in the PK market (12.71%)
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (34.6%), BAFL's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BAFL's dividends in 3 years are forecast to be well covered by earnings (44.2% payout ratio).