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Kitex Garments (NSE:KITEX) 3-Year Dividend Growth Rate : -20.60% (As of Dec. 2023)


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What is Kitex Garments 3-Year Dividend Growth Rate?

Kitex Garments's Dividends per Share for the three months ended in Dec. 2023 was ₹0.00.

The historical rank and industry rank for Kitex Garments's 3-Year Dividend Growth Rate or its related term are showing as below:

NSE:KITEX' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -20.6   Med: 26   Max: 49.3
Current: -20.6

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Kitex Garments was 49.30% per year. The lowest was -20.60% per year. And the median was 26.00% per year.

NSE:KITEX's 3-Year Dividend Growth Rate is ranked worse than
88.22% of 297 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 11.2 vs NSE:KITEX: -20.60

During the past 3 years, the average Dividends Per Share Growth Rate was -20.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Kitex Garments's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.00. As of today, Kitex Garments's Dividend Yield % is 0.70%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Kitex Garments's 3-Year Dividend Growth Rate

For the Apparel Manufacturing subindustry, Kitex Garments's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.


Kitex Garments's 3-Year Dividend Growth Rate Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Kitex Garments's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Kitex Garments's 3-Year Dividend Growth Rate falls into.



Kitex Garments 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Kitex Garments  (NSE:KITEX) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Kitex Garments's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0/ 2.266
=0.00

During the past 13 years, the highest Dividend Payout Ratio of Kitex Garments was 0.25. The lowest was 0.05. And the median was 0.09.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Kitex Garments Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
INR 1.5000002023-09-222023-09-232023-10-18Cash DividendannuallyINR: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.

Kitex Garments's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.5/213.35
=0.70 %

Current Share Price is ₹213.35.
Kitex Garments's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₹1.5.

During the past 13 years, the highest Dividend Yield of Kitex Garments was 3.48%. The lowest was 0.10%. And the median was 0.71%.

* 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.


Kitex Garments 3-Year Dividend Growth Rate Related Terms>


Kitex Garments (NSE:KITEX) Business Description

Traded in Other Exchanges
Address
P.B. No. 5, Kizhakkambalam, Building No. 9/536 A, Aluva, Ernakulam, Kochi, KL, IND, 683562
Kitex Garments Ltd manufactures cotton garments and fabrics. Garments account for the company's revenue and focus on infant wear such as body suits, sleepwear, rompers, burps, bibs, and training pants. Kitex manufactures the products for companies such as Carters, Gerber, Mothercare, Jockey, Children's Place, Kohl's, and Toys R. The company also owns the Little Star brand and licenses the Lamaze brand for distribution in the United States and Canada. Kitex exports almost all the garments it produces, which it manufactures in India, to the United States and Europe.

Kitex Garments (NSE:KITEX) Headlines

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