Third Age Health Services (NZSE:TAH) Dividend Payout Ratio : 0.68 (As of Mar. 2024)

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What is Third Age Health Services Dividend Payout Ratio?

Third Age Health Services's dividend payout ratio for the months ended in Mar. 2024 was 0.68.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Third Age Health Services Ltd is 0.71, which seems too high.

The historical rank and industry rank for Third Age Health Services's Dividend Payout Ratio or its related term are showing as below:

NZSE:TAH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.71 Med: 0.72 Max: 1.48
Current: 0.71

During the past 4 years, the highest Dividend Payout Ratio of Third Age Health Services was 1.48. The lowest was 0.71. And the median was 0.72.

NZSE:TAH's Dividend Payout Ratio is ranked worse than
76.99% of 226 companies
in the Healthcare Providers & Services industry
Industry Median: 0.375 vs NZSE:TAH: 0.71

As of today (2024-06-07), the Dividend Yield % of Third Age Health Services is 8.85%.

During the past 4 years, the highest Trailing Annual Dividend Yield of Third Age Health Services was 8.85%. The lowest was 2.96%. And the median was 4.28%.

Third Age Health Services's Dividends per Share for the months ended in Mar. 2024 was NZ$0.06.

During the past 12 months, Third Age Health Services's average Dividends Per Share Growth Rate was 52.30% per year.

The growth rate is calculated with least square regression.

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

Third Age Health Services Dividend Payout Ratio Historical Data

The historical data trend for Third Age Health Services'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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Third Age Health Services Dividend Payout Ratio Chart

Third Age Health Services Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Dividend Payout Ratio

0.71

1.48

0.72

Third Age Health Services Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial			0.90	1.28	2.18	0.76	0.68

Competitive Comparison of Third Age Health Services's Dividend Payout Ratio

For the Medical Care Facilities subindustry, Third Age Health Services'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.

Third Age Health Services's Dividend Payout Ratio Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Third Age Health Services's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Third Age Health Services's Dividend Payout Ratio falls into.

Third Age Health Services Dividend Payout Ratio Calculation

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

Third Age Health Services'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 )
	=	0.099	/	0.138
	=	0.72

Third Age Health Services's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2024 )	/	EPS without NRI (Q: Mar. 2024 )
	=	0.057	/	0.084
	=	0.68

Third Age Health Services (NZSE:TAH) 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.

Third Age Health Services Dividend Payout Ratio Related Terms

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

Third Age Health Services (NZSE:TAH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Third Age Health Services Ltd (NZSE:TAH) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

536 Kennedy Road, Greenmeadows, Napier, NZL, 4112

Website

https://www.thirdagehealth.co.nz

Third Age Health Services Ltd is engaged in providing health care services to older adults residing in Aged Residential Care. Its services include 24/7 access to a doctor, Regular, scheduled rounds by a Practitioner, and Guaranteed locum cover.