As of today (2024-05-20), the Trailing Annual Dividend Yield of Modular Medical is 0.00%.
The historical rank and industry rank for Modular Medical's Dividend Yield % or its related term are showing as below:
MODD's Dividend Yield % is not ranked *
in the Medical Devices & Instruments industry.
Industry Median: 1.88 * Ranked among companies with meaningful Dividend Yield % only.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Modular Medical Dividend Yield % Historical Data
The historical data trend for Modular Medical's Dividend Yield % can be seen below:
* 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.
Competitive Comparison of Modular Medical's Dividend Yield %
For the Medical Devices subindustry, Modular Medical's Dividend Yield %, along with its competitors' market caps and 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.
Modular Medical's Dividend Yield % Distribution in the Medical Devices & Instruments Industry
For the Medical Devices & Instruments industry and Healthcare sector, Modular Medical's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Modular Medical's Dividend Yield % falls into.
Modular Medical Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Modular Medical (NAS:MODD) Dividend Yield % Explanation
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.
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Modular Medical (Modular Medical) Business Description
Modular Medical Inc is a development stage medical device company which focuses on the design, development, and commercialization of an insulin pump using modernized technology to increase pump adoption in the diabetes marketplace. The company's product's seeks to serve both the type 1 and the rapidly growing especially in terms of device adoption, type 2 diabetes markets.
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