National Company for Glass Industries Dividend
Dividend criteria checks 3/6
National Company for Glass Industries is a dividend paying company with a current yield of 2.36% that is well covered by earnings. Next payment date is on 27th May, 2024 with an ex-dividend date of 16th May, 2024.
Key information
2.4%
Dividend yield
53%
Payout ratio
| Industry average yield | 2.3% |
| Next dividend pay date | 27 May 24 |
| Ex dividend date | 16 May 24 |
| Dividend per share | n/a |
| Earnings per share | ر.س1.89 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Does National Company for Glass Industries (TADAWUL:2150) Deserve A Spot On Your Watchlist?
Jul 31
National Company for Glass Industries' (TADAWUL:2150) Earnings Are Of Questionable Quality
May 04Is National Company for Glass Industries' (TADAWUL:2150) 135% Share Price Increase Well Justified?
Feb 18
How Does The National Company for Glass Industries (TADAWUL:2150) Fare As A Dividend Stock?
Dec 28Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 2150's dividend payments have been volatile in the past 10 years.
Growing Dividend: 2150's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| National Company for Glass Industries Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2150) | 2.4% |
| Market Bottom 25% (SA) | 1.6% |
| Market Top 25% (SA) | 4.6% |
| Industry Average (Packaging) | 2.3% |
| Analyst forecast in 3 Years (2150) | n/a |
Notable Dividend: 2150's dividend (2.36%) is higher than the bottom 25% of dividend payers in the SA market (1.56%).
High Dividend: 2150's dividend (2.36%) is low compared to the top 25% of dividend payers in the SA market (4.63%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52.8%), 2150's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (88.7%), 2150's dividend payments are covered by cash flows.