Texton Property Fund Dividends and Buybacks
Dividend criteria checks 3/6
Texton Property Fund is a dividend paying company with a current yield of 6.37% that is well covered by earnings.
Key information
6.4%
Dividend yield
16.7%
Buyback Yield
| Total Shareholder Yield | 23.1% |
| Future Dividend Yield | n/a |
| Dividend Growth | -7.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | R0.201 |
| Payout ratio | 51% |
Recent dividend and buyback updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TEX's dividend payments have been volatile in the past 10 years.
Growing Dividend: TEX's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Texton Property Fund Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TEX) | 6.4% |
| Market Bottom 25% (ZA) | 3.2% |
| Market Top 25% (ZA) | 8.0% |
| Industry Average (Office REITs) | 5.3% |
| Analyst forecast (TEX) (up to 3 years) | n/a |
Notable Dividend: TEX's dividend (6.37%) is higher than the bottom 25% of dividend payers in the ZA market (3.25%).
High Dividend: TEX's dividend (6.37%) is low compared to the top 25% of dividend payers in the ZA market (8.18%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (51%), TEX's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (62.9%), TEX's dividend payments are covered by cash flows.