Texton Property Fund Dividend
Dividend criteria checks 3/6
Texton Property Fund is a dividend paying company with a current yield of 5.66% that is well covered by earnings.
Key information
5.7%
Dividend yield
49%
Payout ratio
| Industry average yield | 5.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | R0.193 |
| Earnings per share | -R0.21 |
| Dividend yield forecast | n/a |
Recent dividend 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) | 5.7% |
| Market Bottom 25% (ZA) | 3.3% |
| Market Top 25% (ZA) | 7.6% |
| Industry Average (Office REITs) | 5.1% |
| Analyst forecast (TEX) (up to 3 years) | n/a |
Notable Dividend: TEX's dividend (5.66%) is higher than the bottom 25% of dividend payers in the ZA market (3.29%).
High Dividend: TEX's dividend (5.66%) is low compared to the top 25% of dividend payers in the ZA market (7.6%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49%), TEX's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (55.6%), TEX's dividend payments are covered by cash flows.