Turners Automotive Group (NZSE:TRA) Dividend Payout Ratio : 1.10 (As of Mar. 2024)

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What is Turners Automotive Group Dividend Payout Ratio?

Turners Automotive Group's dividend payout ratio for the months ended in Mar. 2024 was 1.10.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Turners Automotive Group Ltd is 0.78, which seems too high.

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

NZSE:TRA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.3 Med: 0.56 Max: 0.82
Current: 0.78

During the past 13 years, the highest Dividend Payout Ratio of Turners Automotive Group was 0.82. The lowest was 0.30. And the median was 0.56.

NZSE:TRA's Dividend Payout Ratio is ranked worse than
86.15% of 751 companies
in the Vehicles & Parts industry
Industry Median: 0.28 vs NZSE:TRA: 0.78

As of today (2024-06-06), the Dividend Yield % of Turners Automotive Group is 6.19%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Turners Automotive Group was 13.46%. The lowest was 2.73%. And the median was 4.74%.

Turners Automotive Group's Dividends per Share for the months ended in Mar. 2024 was NZ$0.18.

During the past 12 months, Turners Automotive Group's average Dividends Per Share Growth Rate was 82.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 15.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Turners Automotive Group was 24.00% per year. The lowest was 5.30% per year. And the median was 13.40% per year.

The growth rate is calculated with least square regression.

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

Turners Automotive Group Dividend Payout Ratio Historical Data

The historical data trend for Turners Automotive 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.

* Premium members only.

Turners Automotive Group Dividend Payout Ratio Chart

Turners Automotive Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Dividend Payout Ratio

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0.70

0.64

0.61

0.45

0.82

Turners Automotive Group Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															1.01	0.34	0.56	0.56	1.10

Competitive Comparison of Turners Automotive Group's Dividend Payout Ratio

For the Auto & Truck Dealerships subindustry, Turners Automotive 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.

Turners Automotive Group's Dividend Payout Ratio Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Turners Automotive Group's Dividend Payout Ratio falls into.

Turners Automotive Group Dividend Payout Ratio Calculation

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

Turners Automotive 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 )
	=	0.31	/	0.376
	=	0.82

Turners Automotive Group'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 )
	=	0.18	/	0.164
	=	1.10

Turners Automotive Group (NZSE:TRA) 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.

Turners Automotive Group Dividend Payout Ratio Related Terms

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

Turners Automotive Group (NZSE:TRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Turners Automotive Group Ltd (NZSE:TRA) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

TRA:Australia

Address

Level 5, 70 Shortland Street, PO Box 1232, Auckland, NZL, 1140

Website

https://www.turnersautogroup.co.nz

Turners Automotive Group Ltd is an integrated financial services group, primarily operating in the automotive sector. Business activity generally functions through Automotive Retail, Finance, Insurance, Credit management, Corporate, and Others. The company derives the majority of its revenue from Automotive retail which is engaged in remarketing (motor vehicles, trucks, heavy machinery, and commercial goods) and purchasing goods for sale and related asset-based finance to consumers. Geographically the group's business activities are located in New Zealand and Australia.

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