Vulcan Steel (ASX:VSL) Dividend Payout Ratio : 1.40 (As of Dec. 2023)

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What is Vulcan Steel Dividend Payout Ratio?

Vulcan Steel's dividend payout ratio for the months ended in Dec. 2023 was 1.40.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Vulcan Steel Ltd is 1.15, which seems too high.

The historical rank and industry rank for Vulcan Steel's Dividend Payout Ratio or its related term are showing as below:

ASX:VSL' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.35 Med: 0.63 Max: 1.15
Current: 1.15

During the past 3 years, the highest Dividend Payout Ratio of Vulcan Steel was 1.15. The lowest was 0.35. And the median was 0.63.

ASX:VSL's Dividend Payout Ratio is ranked worse than
89.25% of 307 companies
in the Steel industry
Industry Median: 0.29 vs ASX:VSL: 1.15

As of today (2024-05-14), the Dividend Yield % of Vulcan Steel is 5.56%.

During the past 3 years, the highest Trailing Annual Dividend Yield of Vulcan Steel was 8.37%. The lowest was 3.24%. And the median was 4.18%.

Vulcan Steel's Dividends per Share for the months ended in Dec. 2023 was A$0.26.

During the past 12 months, Vulcan Steel's average Dividends Per Share Growth Rate was -23.40% per year.

The growth rate is calculated with least square regression.

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

Vulcan Steel Dividend Payout Ratio Historical Data

The historical data trend for Vulcan Steel's Dividend Payout Ratio 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.

* Premium members only.

Vulcan Steel Dividend Payout Ratio Chart

Vulcan Steel Annual Data

Trend

Jun21

Jun22

Jun23

Dividend Payout Ratio

0.35

0.91

Vulcan Steel Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	-	0.61	0.87	0.96	1.40

Competitive Comparison of Vulcan Steel's Dividend Payout Ratio

For the Steel subindustry, Vulcan Steel's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

Vulcan Steel's Dividend Payout Ratio Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Vulcan Steel's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Vulcan Steel's Dividend Payout Ratio falls into.

Vulcan Steel Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Vulcan Steel's Dividend Payout Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2023 )	/	EPS without NRI (A: Jun. 2023 )
	=	0.554	/	0.612
	=	0.91

Vulcan Steel'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 )
	=	0.261	/	0.186
	=	1.40

Vulcan Steel (ASX:VSL) Dividend Payout Ratio Explanation

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.

Vulcan Steel Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Vulcan Steel's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Vulcan Steel (ASX:VSL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Vulcan Steel Ltd (ASX:VSL) » Definitions » Dividend Payout Ratio

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Traded in Other Exchanges

VSL:New Zealand

Address

29 Neales Road, East Tamaki, Auckland, NTL, NZL, 2013

Website

https://www.vulcan.co

Vulcan Steel Ltd is a metals distributor and processor. Its products include Steel, Stainless Steel, Engineering steel, Plate processing, and Coil processing. The company has two operating segments namely, Steel business across New Zealand and Australia which includes Steel distribution, Plate processing, and Coil processing; and Metals business across New , which includes Stainless Steel, Engineering Steel and Aluminium.