Altek Dividend
Dividend criteria checks 3/6
Altek is a dividend paying company with a current yield of 1.97% that is well covered by earnings. Next payment date is on 18th October, 2024 with an ex-dividend date of 19th September, 2024.
Key information
2.0%
Dividend yield
56%
Payout ratio
| Industry average yield | 3.1% |
| Next dividend pay date | 18 Oct 24 |
| Ex dividend date | 19 Sep 24 |
| Dividend per share | NT$0.700 |
| Earnings per share | NT$1.25 |
| Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Altek's (TWSE:3059) Dividend Is Being Reduced To NT$0.70
Sep 04
Altek's (TWSE:3059) Conservative Accounting Might Explain Soft Earnings
Aug 17Why We're Not Concerned About Altek Corporation's (TWSE:3059) Share Price
Aug 09Does Altek Corporation's (TPE:3059) Weak Fundamentals Mean That The Stock Could Move In The Opposite Direction?
Mar 18Is Altek (TPE:3059) Struggling?
Feb 28Altek (TPE:3059) Seems To Use Debt Rather Sparingly
Feb 10Does Altek's (TPE:3059) Share Price Gain of 43% Match Its Business Performance?
Jan 26
Is Altek Corporation (TPE:3059) A Strong Dividend Stock?
Jan 11Altek (TPE:3059) Is Growing Earnings But Are They A Good Guide?
Dec 25Altek Corporation's (TPE:3059) On An Uptrend But Financial Prospects Look Pretty Weak: Is The Stock Overpriced?
Dec 10Is Altek (TPE:3059) Set To Make A Turnaround?
Nov 25Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 3059's dividend payments have been volatile in the past 10 years.
Growing Dividend: 3059's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Altek Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (3059) | 2.0% |
| Market Bottom 25% (TW) | 1.7% |
| Market Top 25% (TW) | 4.4% |
| Industry Average (Consumer Durables) | 3.1% |
| Analyst forecast (3059) (up to 3 years) | n/a |
Notable Dividend: 3059's dividend (1.97%) is higher than the bottom 25% of dividend payers in the TW market (1.72%).
High Dividend: 3059's dividend (1.97%) is low compared to the top 25% of dividend payers in the TW market (4.4%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (55.9%), 3059's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (19.9%), 3059's dividend payments are well covered by cash flows.