Kitex Garments (BOM:521248) Dividend Payout Ratio : 0.27 (As of Sep. 2024)

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What is Kitex Garments Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Kitex Garments's Dividend Payout Ratio for the months ended in Sep. 2024 was 0.27.

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

BOM:521248' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.05 Med: 0.09 Max: 0.19
Current: 0.1

During the past 13 years, the highest Dividend Payout Ratio of Kitex Garments was 0.19. The lowest was 0.05. And the median was 0.09.

BOM:521248's Dividend Payout Ratio is ranked better than
90.6% of 436 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.38 vs BOM:521248: 0.10

As of today (2024-12-15), the Dividend Yield % of Kitex Garments is 0.17%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Kitex Garments was 3.48%. The lowest was 0.10%. And the median was 0.68%.

Kitex Garments's Dividends per Share for the months ended in Sep. 2024 was ₹1.50.

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.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Kitex Garments Dividend Payout Ratio Historical Data

The historical data trend for Kitex Garments'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.

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Kitex Garments Dividend Payout Ratio Chart

Kitex Garments Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Dividend Payout Ratio

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0.19

0.08

0.15

0.18

Kitex Garments Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															1.27	-	-	-	0.27

Competitive Comparison of Kitex Garments's Dividend Payout Ratio

For the Apparel Manufacturing subindustry, Kitex Garments'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.

Kitex Garments's Dividend Payout Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Kitex Garments's Dividend Payout Ratio falls into.

Kitex Garments Dividend Payout Ratio Calculation

Kitex Garments's Dividend Payout Ratio for the fiscal year that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2024 )	/	EPS without NRI (A: Mar. 2024 )
	=	1.5	/	8.408
	=	0.18

Kitex Garments's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	1.5	/	5.61
	=	0.27

Kitex Garments (BOM:521248) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

Kitex Garments Dividend Payout Ratio Related Terms

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

Kitex Garments Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kitex Garments Ltd (BOM:521248) » Definitions » Dividend Payout Ratio

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Traded in Other Exchanges

KITEX:India

Address

P.B. No. 5, Kizhakkambalam, Building No. 9/536 A, Aluva, Ernakulam, Kochi, KL, IND, 683562

Website

https://www.kitexgarments.com

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.

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