Bytes Technology Group Dividends and Buybacks
Dividend criteria checks 3/6
Bytes Technology Group is a dividend paying company with a current yield of 3.97% that is well covered by earnings. Next payment date is on 22nd November, 2024 with an ex-dividend date of 6th November, 2024.
Key information
4.0%
Dividend yield
-0.2%
Buyback Yield
Total Shareholder Yield | 3.8% |
Future Dividend Yield | 4.8% |
Dividend Growth | 38.2% |
Next dividend pay date | 22 Nov 24 |
Ex dividend date | 06 Nov 24 |
Dividend per share | R4.107 |
Payout ratio | 42% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: BYI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: BYI's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
Bytes Technology Group Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (BYI) | 4.0% |
Market Bottom 25% (ZA) | 3.2% |
Market Top 25% (ZA) | 7.8% |
Industry Average (Software) | 0.8% |
Analyst forecast (BYI) (up to 3 years) | 4.8% |
Notable Dividend: BYI's dividend (3.97%) is higher than the bottom 25% of dividend payers in the ZA market (3.18%).
High Dividend: BYI's dividend (3.97%) is low compared to the top 25% of dividend payers in the ZA market (7.79%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (42.1%), BYI's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (71.4%), BYI's dividend payments are covered by cash flows.