Grindrod Dividend
Dividend criteria checks 5/6
Grindrod is a dividend paying company with a current yield of 6.37% that is well covered by earnings. Last payment was on 11th October, 2023 with an ex-dividend date of 21st September, 2023.
Key information
6.4%
Dividend yield
41%
Payout ratio
Industry average yield | 3.4% |
Next dividend pay date | 11 Oct 23 |
Ex dividend date | 21 Sep 23 |
Dividend per share | n/a |
Earnings per share | US$1.38 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GRDL.Y's dividend payments have been volatile in the past 10 years.
Growing Dividend: GRDL.Y's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Grindrod Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (GRDL.Y) | 6.4% |
Market Bottom 25% (US) | 1.5% |
Market Top 25% (US) | 4.8% |
Industry Average (Infrastructure) | 3.4% |
Analyst forecast in 3 Years (GRDL.Y) | n/a |
Notable Dividend: GRDL.Y's dividend (6.37%) is higher than the bottom 25% of dividend payers in the US market (1.57%).
High Dividend: GRDL.Y's dividend (6.37%) is in the top 25% of dividend payers in the US market (4.85%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.1%), GRDL.Y's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (77.4%), GRDL.Y's dividend payments are covered by cash flows.