Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BOC KenyaNAI:BOC +0.44%72 Dividend Payout Ratio is 0.58 as of Dec. 2025, which is 28% below its 10-year median of 0.81. GuruFocus rates NAI:BOC with a GF Score™ of 72/100 and a GF Value™ of KES90.18 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 905 Chemicals companies, BOC Kenya ranks worse than 72.82% on this metric.
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. BOC Kenya's Dividend Payout Ratio for the
months ended in Dec. 2025 was 0.58.
The historical rank and industry rank for BOC Kenya's Dividend Payout Ratio or its related term are showing as below:
NAI:BOC'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.42 Med: 0.81 Max: 2.16
Current: 0.58
During the past 13 years, the highest Dividend Payout Ratio of BOC Kenya was 2.16. The lowest was 0.42. And the median was 0.81.
NAI:BOC's Dividend Payout Ratio is ranked worse than 72.82% of 905
companies
in the Chemicals industry
Industry Median: 0.36
vs NAI:BOC: 0.58
During the past 12 months, BOC Kenya's average Dividends Per Share Growth Rate was 1.20% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 24.30% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of BOC Kenya was 24.30% per year. The lowest was -8.60% per year. And the median was 1.00% 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.
BOC Kenya (NAI:BOC) 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.
BOC Kenya Dividend Payout Ratio Related Terms
BOC Kenya Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for BOC Kenya'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.
For the Chemicals subindustry, BOC Kenya'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.
BOC Kenya Dividend Payout Ratio vs Chemicals Industry
For the Chemicals industry and Basic Materials sector, BOC Kenya's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where BOC Kenya's Dividend Payout Ratio falls into.
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.
BOC Kenya's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
BOC Kenya (NAI:BOC) has a Dividend Payout Ratio of 0.58 as of Dec. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on BOC Kenya and its competitors. This is 28% below median its historical median of 0.81. Over the past decade, BOC Kenya's Dividend Payout Ratio has ranged from 0.42 to 2.16. According to the industry distribution chart, BOC Kenya ranks #659 out of 905 companies in the Chemicals industry, placing it in the top 72.8%.
Is BOC Kenya's Dividend Payout Ratio too high?
BOC Kenya's current Dividend Payout Ratio of 0.58 is 28% below median its 10-year median of 0.81. Over the past 10 years, this metric has ranged from a low of 0.42 to a high of 2.16. The Chemicals industry median Dividend Payout Ratio is 0.36. BOC Kenya's value of 0.58 is 61.1% above this industry median. Based on the distribution chart, BOC Kenya ranks #659 out of 905 companies in the Chemicals industry, which is below the industry midpoint. Overall, BOC Kenya has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BOC Kenya's Dividend Payout Ratio compare to DOW?
According to the Chemicals industry distribution chart, BOC Kenya ranks #659 out of 905 companies for Dividend Payout Ratio. This places BOC Kenya in the lower half of its industry. The industry median Dividend Payout Ratio is 0.36. BOC Kenya's value of 0.58 is 61.1% above this benchmark. Historically, BOC Kenya's own Dividend Payout Ratio has ranged from 0.42 to 2.16 over the past decade. While the company's 10-year median is 0.81 vs. the industry median of 0.36, BOC Kenya has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Chemicals company?
The median Dividend Payout Ratio among Chemicals companies is 0.36, based on 905 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BOC Kenya's current Dividend Payout Ratio of 0.58 is 61.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on BOC Kenya and its competitors. For the Chemicals industry, the median Dividend Payout Ratio is 0.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BOC Kenya's current Dividend Payout Ratio is 0.58, which is 28% below median its own 10-year median of 0.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BOC Kenya stock overvalued right now?
Based on GuruFocus' analysis, BOC Kenya (NAI:BOC) is currently considered Significantly Overvalued. The stock's GF Value™ is KES90.18, compared to a current price of KES171.00 — trading 89.6% above its estimated fair value. The current Dividend Payout Ratio is 0.58, which is 28% below median its 10-year median of 0.81 and 61.1% above the Chemicals industry median of 0.36. BOC Kenya's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For BOC Kenya (NAI:BOC), the current Dividend Payout Ratio is 0.58 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is BOC Kenya (NAI:BOC) Overvalued in 2026?
Based on GuruFocus' analysis, BOC Kenya stock appears to be overvalued.
The current stock price of KES171.00 is trading 89.6% above its estimated GF Value™ of KES90.18.
GuruFocus considers BOC Kenya to be Significantly Overvalued.
Key valuation signals for NAI:BOC:
Dividend Payout Ratio: 0.58 (28% below median its 10-year median of 0.81)
GF Value™: KES90.18 vs. price of KES171.00 (89.6% above fair value)
Industry Position: 61.1% above the Chemicals median (#659 of 905)
No single metric tells the full story. See the NAI:BOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BOC Kenya PLC is involved in the manufacture and sale of industrial and medical gases and welding products. Its product range consists of Bulk gases, Packaged gases, and Engineering services. Bulk gases include liquid oxygen and liquid nitrogen. Packaged gases comprise medical gases, industrial gases, special gas mixtures, and liquefied petroleum gas. The engineering services include supplies of medical equipment, construction of medical and other gas pipelines, liquefied petroleum gas installations, tanks and pipelines, industrial gas storage and pipeline installations, and related maintenance services. The company generates the majority of its revenue from the sale of medical and industrial gases.
72GF Score
Get the complete analysis for NAI:BOC
Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NAI:BOC has been successfully added to your 
