2 Cheap Cars Group (NZSE:2CC) Dividend Payout Ratio : 1.14 (As of Sep. 2024)

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What is 2 Cheap Cars Group 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. 2 Cheap Cars Group's Dividend Payout Ratio for the months ended in Sep. 2024 was 1.14.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of 2 Cheap Cars Group Ltd is 0.79, which seems too high.

The historical rank and industry rank for 2 Cheap Cars Group's Dividend Payout Ratio or its related term are showing as below:

NZSE:2CC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.21 Med: 0.3 Max: 1.16
Current: 0.79

During the past 4 years, the highest Dividend Payout Ratio of 2 Cheap Cars Group was 1.16. The lowest was 0.21. And the median was 0.30.

NZSE:2CC's Dividend Payout Ratio is ranked worse than
85.81% of 761 companies
in the Vehicles & Parts industry
Industry Median: 0.32 vs NZSE:2CC: 0.79

As of today (2025-04-02), the Dividend Yield % of 2 Cheap Cars Group is 8.96%.

During the past 4 years, the highest Trailing Annual Dividend Yield of 2 Cheap Cars Group was 24.00%. The lowest was 0.69%. And the median was 5.32%.

2 Cheap Cars Group's Dividends per Share for the months ended in Sep. 2024 was NZ$0.04.

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.

2 Cheap Cars Group Dividend Payout Ratio Historical Data

The historical data trend for 2 Cheap Cars Group'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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2 Cheap Cars Group Dividend Payout Ratio Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Dividend Payout Ratio

1.16

0.21

0.30

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial				0.50	-	-	0.60	1.14

Competitive Comparison of 2 Cheap Cars Group's Dividend Payout Ratio

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars Group'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.

2 Cheap Cars Group's Dividend Payout Ratio Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's Dividend Payout Ratio falls into.

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2 Cheap Cars Group Dividend Payout Ratio Calculation

2 Cheap Cars Group'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 )
	=	0.042	/	0.14
	=	0.30

2 Cheap Cars Group'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 )
	=	0.042	/	0.037
	=	1.14

2 Cheap Cars Group (NZSE:2CC) 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.

2 Cheap Cars Group Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of 2 Cheap Cars Group's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

2 Cheap Cars Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group Headlines

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