Nimir Industrial Chemicals Dividend
Dividend criteria checks 2/6
Nimir Industrial Chemicals is a dividend paying company with a current yield of 2.47% that is well covered by earnings. Next payment date is on 18th November, 2024 with an ex-dividend date of 18th October, 2024.
Key information
2.5%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | -9.4% |
| Next dividend pay date | 18 Nov 24 |
| Ex dividend date | 18 Oct 24 |
| Dividend per share | PK₨3.000 |
| Payout ratio | 28% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NICL has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NICL's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Nimir Industrial Chemicals Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NICL) | 2.5% |
| Market Bottom 25% (PK) | 3.9% |
| Market Top 25% (PK) | 11.3% |
| Industry Average (Chemicals) | 9.4% |
| Analyst forecast (NICL) (up to 3 years) | n/a |
Notable Dividend: NICL's dividend (2.47%) isn’t notable compared to the bottom 25% of dividend payers in the PK market (3.89%).
High Dividend: NICL's dividend (2.47%) is low compared to the top 25% of dividend payers in the PK market (11.27%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.6%), NICL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (37.5%), NICL's dividend payments are well covered by cash flows.