Lotte Chemical Pakistan is a dividend paying company with a current yield of 16.47% that is well covered by earnings. Next payment date is on 23rd May, 2024 with an ex-dividend date of 29th April, 2024.
Key information
16.5%
Dividend yield
89%
Payout ratio
Industry average yield
11.1%
Next dividend pay date
23 May 24
Ex dividend date
29 Apr 24
Dividend per share
n/a
Earnings per share
PK₨3.35
Dividend yield forecast in 3Y
16.7%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: LOTCHEM has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: LOTCHEM's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
Lotte Chemical Pakistan Dividend Yield vs Market
How does LOTCHEM dividend yield compare to the market?
Segment
Dividend Yield
Company (LOTCHEM)
16.5%
Market Bottom 25% (PK)
4.1%
Market Top 25% (PK)
12.3%
Industry Average (Chemicals)
11.1%
Analyst forecast in 3 Years (LOTCHEM)
16.7%
Notable Dividend: LOTCHEM's dividend (16.47%) is higher than the bottom 25% of dividend payers in the PK market (4.09%).
High Dividend: LOTCHEM's dividend (16.47%) is in the top 25% of dividend payers in the PK market (12.34%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (89.5%), LOTCHEM's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: LOTCHEM is paying a dividend but the company has no free cash flows.