Test Rite International Co (TPE:2908) Dividend Payout Ratio : 2.92 (As of Jun. 2024)

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What is Test Rite International Co 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. Test Rite International Co's Dividend Payout Ratio for the months ended in Jun. 2024 was 2.92.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Test Rite International Co Ltd is 1.07, which seems too high.

The historical rank and industry rank for Test Rite International Co's Dividend Payout Ratio or its related term are showing as below:

TPE:2908' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.44 Med: 0.97 Max: 2.37
Current: 1.07

During the past 13 years, the highest Dividend Payout Ratio of Test Rite International Co was 2.37. The lowest was 0.44. And the median was 0.97.

TPE:2908's Dividend Payout Ratio is ranked worse than
88.71% of 505 companies
in the Retail - Cyclical industry
Industry Median: 0.4 vs TPE:2908: 1.07

As of today (2024-09-22), the Dividend Yield % of Test Rite International Co is 2.84%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Test Rite International Co was 7.49%. The lowest was 2.59%. And the median was 5.34%.

Test Rite International Co's Dividends per Share for the months ended in Jun. 2024 was NT$0.58.

During the past 12 months, Test Rite International Co's average Dividends Per Share Growth Rate was -54.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 21.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Test Rite International Co was 62.40% per year. The lowest was -31.40% 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.

Test Rite International Co Dividend Payout Ratio Historical Data

The historical data trend for Test Rite International Co'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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Test Rite International Co Dividend Payout Ratio Chart

Test Rite International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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2.37

0.44

0.67

1.48

2.15

Test Rite International Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Dividend Payout Ratio	Get a 7-Day Free Trial															9.48	-	-	-	2.92

Competitive Comparison of Test Rite International Co's Dividend Payout Ratio

For the Home Improvement Retail subindustry, Test Rite International Co'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.

Test Rite International Co's Dividend Payout Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Test Rite International Co's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Test Rite International Co's Dividend Payout Ratio falls into.

Test Rite International Co Dividend Payout Ratio Calculation

Test Rite International Co's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.28	/	0.596
	=	2.15

Test Rite International Co's Dividend Payout Ratio for the quarter that ended in Jun. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2024 )	/	EPS without NRI (Q: Jun. 2024 )
	=	0.583	/	0.2
	=	2.92

Test Rite International Co (TPE:2908) 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.

Test Rite International Co Dividend Payout Ratio Related Terms

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

Test Rite International Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Test Rite International Co Ltd (TPE:2908) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 23, Hsin Hu 3rd Road, 6th Floor, Nai Hu District, Taipei, TWN, 114

Website

http://www.testritegroup.com

Test Rite International Co Ltd is a Taiwan-based company that is principally engaged in trading business and retail business. The trading business consists of the import and export of household goods and licensing business, such as DIY hand tools, furniture, electrical appliances, and other household items, and this segment provides products for retailers in a worldwide, like Wal-Mart, Sam's Club, Target, Staples, Office Depot, and Carrefour. The retail business in Taiwan and mainland China refers to the sale and marketing of household items and services directly to consumers. The company also conducts product design, packaging design, as well as logistics and warehousing services. The trading business and retail business jointly account for the majority of the company's total revenue.

Test Rite International Co Headlines

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