As of today (2024-06-15), the Forward Annual Dividend Yield of Wheels India is 0.89%.
As of today (2024-06-15), the Trailing Annual Dividend Yield of Wheels India is 0.48%.
BOM:590073's Forward Dividend Yield % is ranked worse than 81.9% of 812
companies
in the Vehicles & Parts industry
Industry Median: 2.545
vs BOM:590073: 0.89
During the past 12 months, Wheels India's average Dividends Per Share Growth Rate was -64.90% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 14.40% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was -14.50% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Wheels India was 45.20% per year. The lowest was -56.60% per year. And the median was 14.40% 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 Wheels India's Forward Dividend Yield %
For the Auto Parts subindustry, Wheels India'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.
Wheels India's Forward Dividend Yield % Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Wheels India's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Wheels India's Forward Dividend Yield % falls into.
Wheels India Forward Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Wheels India Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 3.970000
2023-07-12
2023-07-13
2023-08-17
Cash Dividend
semi-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.
Wheels India's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
7.94
/
828.35
=
0.96 %
Current Share Price is ₹828.35. Wheels India's Dividends per Share for the forward twelve months is calculated as ₹3.97 * 2 = ₹7.94.
Wheels India's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
3.97
/
828.35
=
0.48 %
Current Share Price is ₹828.35. Wheels India's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₹3.97.
* 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.
Wheels India (BOM:590073) Forward 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.
Wheels India Forward Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Wheels India's Forward Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Wheels India Ltd is a manufacturer of automobile wheels. The firm is organized into Automotive Components and Industrial Components segment. The automotive company segment is engaged in the manufacture of road wheels for passenger cars, utility vehicles, trucks, buses, agricultural tractors and construction equipment; however, the group is also engaged in the manufacturing suspension products for the vehicles. The industrial segment includes components and structures for windmills, railways and thermal power plants. It operates in the Indian and international markets, of which key revenue is derived from India. The majority of the company's revenue is generated from Automotive components.
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