As of today (2024-05-21), the Forward Annual Dividend Yield of Thermax is 0.24%.
As of today (2024-05-21), the Trailing Annual Dividend Yield of Thermax is 0.20%.
NSE:THERMAX's Forward Dividend Yield % is ranked worse than 93.89% of 1848
companies
in the Industrial Products industry
Industry Median: 1.92
vs NSE:THERMAX: 0.24
During the past 12 months, Thermax's average Dividends Per Share Growth Rate was 11.10% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Thermax was 49.40% per year. The lowest was -13.70% per year. And the median was 4.00% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison of Thermax's Forward Dividend Yield %
For the Specialty Industrial Machinery subindustry, Thermax's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Thermax's Forward Dividend Yield % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Thermax's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Thermax's Forward Dividend Yield % falls into.
Thermax Forward Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Thermax Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 10.000000
2023-07-21
2023-07-21
2023-08-07
Cash Dividend
annually
INR:INR 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Thermax's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
10
/
4941.25
=
0.20 %
Current Share Price is ₹4941.25. Thermax's Dividends per Share for the forward twelve months is calculated as ₹10 * 1 = ₹10.
Thermax's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
10
/
4941.25
=
0.20 %
Current Share Price is ₹4941.25. Thermax's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₹10.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Thank you for viewing the detailed overview of Thermax's Forward Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Thermax Ltd is a company that provides engineering solutions. The company operates through three segments based on product type. The energy segment, which accounts for the company's sales, supplies boilers, industrial and commercial cooling machines, turnkey power plants, and photovoltaic and thermal solutions. The environment segment provides products and services for infrastructure that controls air pollution and wastewater. The chemical segment supplies chemicals for boilers, resins, paper production, construction, and oil fields. The company generates more than half of its revenue from India.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
NSE:THERMAX has been successfully added to your