If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Spirent Communications PLC is 1.02, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Spirent Communications was 1.05. The lowest was 0.35. And the median was 0.45.
During the past 12 months, Spirent Communications's average Dividends Per Share Growth Rate was 8.80% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 14.80% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 14.50% per year.
During the past 10 years, the 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 Spirent Communications was 67.10% per year. The lowest was 1.70% per year. And the median was 11.95% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Spirent Communications Dividend Yield % Historical Data
The historical data trend for Spirent Communications'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 Spirent Communications's Dividend Yield %
For the Software - Infrastructure subindustry, Spirent Communications'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.
Spirent Communications's Dividend Yield % Distribution in the Software Industry
For the Software industry and Technology sector, Spirent Communications's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Spirent Communications's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Spirent Communications Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.106
2023-08-11
2023-08-14
2023-09-22
Cash Dividend
semi-annually
USD:USD 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.
* 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.
Spirent Communications Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Spirent Communications's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Spirent Communications (Spirent Communications) Business Description
Spirent Communications PLC provides communications technologies including networks, data centers, enterprise IT, mobile communications, connected vehicles or the Internet of Things. The company operates in Networks and Security and Lifecycle Service Assurance segments. The majority of the revenue is derived from the Networks and Security segment that comprises Cloud IP, Application Security and Positioning lines of business with the aim of addressing the needs of the lab test market for Ethernet, Virtual, Data Center, applications test and timing for critical infrastructure.
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