Grand Parade Investments Dividends and Buybacks
Dividend criteria checks 2/6
Grand Parade Investments is a dividend paying company with a current yield of 3.4% that is well covered by earnings. Next payment date is on 9th December, 2024 with an ex-dividend date of 4th December, 2024.
Key information
3.4%
Dividend yield
0.7%
Buyback Yield
| Total Shareholder Yield | 4.1% |
| Future Dividend Yield | n/a |
| Dividend Growth | -3.0% |
| Next dividend pay date | 09 Dec 24 |
| Ex dividend date | 04 Dec 24 |
| Dividend per share | R0.115 |
| Payout ratio | 63% |
Recent dividend and buyback updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GPL's dividend payments have been volatile in the past 10 years.
Growing Dividend: GPL's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Grand Parade Investments Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GPL) | 3.4% |
| Market Bottom 25% (ZA) | 3.2% |
| Market Top 25% (ZA) | 8.0% |
| Industry Average (Hospitality) | 5.0% |
| Analyst forecast (GPL) (up to 3 years) | n/a |
Notable Dividend: GPL's dividend (3.4%) is higher than the bottom 25% of dividend payers in the ZA market (3.18%).
High Dividend: GPL's dividend (3.4%) is low compared to the top 25% of dividend payers in the ZA market (8.04%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (62.8%), GPL's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: GPL is paying a dividend but the company has no free cash flows.