TTAPF (TTW PCL) Dividend Payout Ratio: 1.80 (As of Mar. 2026) — 120% Above Median

TTW PCL TTAPF 84 Dividend Payout Ratio is 1.80 as of Mar. 2026, which is 120% above its 10-year median of 0.82. GuruFocus rates TTAPF with a GF Score™ of 84/100 and a GF Value™ of $0.28. The stock has 2 warning signs investors should review. Among 373 Utilities - Regulated companies, TTW PCL ranks worse than 75.6% 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. TTW PCL's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.80.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of TTW PCL is 0.73, which seems too high.

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

TTAPF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.69 Med: 0.82 Max: 1.32
Current: 0.69

During the past 13 years, the highest Dividend Payout Ratio of TTW PCL was 1.32. The lowest was 0.69. And the median was 0.82.

TTAPF's Dividend Payout Ratio is ranked worse than
75.6% of 373 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs TTAPF: 0.69

As of today (2026-06-25), the Dividend Yield % of TTW PCL is 0.00%.

During the past 13 years, the highest Trailing Annual Dividend Yield of TTW PCL was 8.34%. The lowest was 0.00%. And the median was 5.74%.

TTW PCL's Dividends per Share for the months ended in Mar. 2026 was $0.01.

During the past 10 years, the average Dividends Per Share Growth Rate was -1.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of TTW PCL was 32.60% per year. The lowest was -12.10% per year. And the median was 0.00% 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.

TTW PCL (OTCPK:TTAPF) 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.

TTW PCL Dividend Payout Ratio Related Terms

TTW PCL Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for TTW PCL'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.

TTW PCL Dividend Payout Ratio Chart

TTW PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.78

0.81

0.86

0.73

TTW PCL Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.80	0.00	1.13	0.00	1.80

TTAPF vs AWK, WTRG, AWR: Dividend Payout Ratio Comparison

For the Utilities - Regulated Water subindustry, TTW PCL'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.

TTW PCL Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, TTW PCL's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where TTW PCL's Dividend Payout Ratio falls into.

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84GF Score

TTW PCL TTAPF

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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TTW PCL Dividend Payout Ratio Calculation

TTW PCL's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.019	/	0.026
	=	0.73

TTW PCL's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.009	/	0.005
	=	1.80

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.80 mean?

TTW PCL (TTAPF) has a Dividend Payout Ratio of 1.80 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on TTW PCL and its competitors. This is 120% above median its historical median of 0.82. Over the past decade, TTW PCL's Dividend Payout Ratio has ranged from 0.69 to 1.32. According to the industry distribution chart, TTW PCL ranks #282 out of 373 companies in the Utilities - Regulated industry, placing it in the top 75.6%.

Is TTW PCL's Dividend Payout Ratio too high?

TTW PCL's current Dividend Payout Ratio of 1.80 is 120% above median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.69 to a high of 1.32. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. TTW PCL's value of 1.80 is 233.3% above this industry median. Based on the distribution chart, TTW PCL ranks #282 out of 373 companies in the Utilities - Regulated industry, which is in the bottom quartile relative to peers. Overall, TTW PCL has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.

How does TTW PCL's Dividend Payout Ratio compare to AWK and WTRG?

According to the Utilities - Regulated industry distribution chart, TTW PCL ranks #282 out of 373 companies for Dividend Payout Ratio. This places TTW PCL in the lower half of its industry. The industry median Dividend Payout Ratio is 0.54. TTW PCL's value of 1.80 is 233.3% above this benchmark. Historically, TTW PCL's own Dividend Payout Ratio has ranged from 0.69 to 1.32 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 0.54, TTW PCL 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 an Utilities - Regulated company?

The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 373 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. TTW PCL's current Dividend Payout Ratio of 1.80 is 233.3% 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 TTW PCL and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. TTW PCL's current Dividend Payout Ratio is 1.80, which is 120% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is TTW PCL stock overvalued right now?

TTW PCL (TTAPF) has a current Dividend Payout Ratio of 1.80. The stock's GF Value™ is $0.28, compared to a current price of $0.29 — trading 3.5% above its estimated fair value. The current Dividend Payout Ratio is 1.80, which is 120% above median its 10-year median of 0.82 and 233.3% above the Utilities - Regulated industry median of 0.54. TTW PCL's overall GF Score™ is 84/100 with 2 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 TTW PCL (TTAPF), the current Dividend Payout Ratio is 1.80 as of Mar. 2026. 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 TTW PCL (TTAPF) Overvalued in 2026?

Based on GuruFocus' analysis, TTW PCL stock appears to be overvalued. The current stock price of $0.29 is trading 3.5% above its estimated GF Value™ of $0.28.

Key valuation signals for TTAPF:

Dividend Payout Ratio: 1.80 (120% above median its 10-year median of 0.82)
GF Value™: $0.28 vs. price of $0.29 (3.5% above fair value)
GF Score™: 84/100 with 2 warning signs
Industry Position: 233.3% above the Utilities - Regulated median (#282 of 373)

No single metric tells the full story. See the TTAPF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TTW PCL Business Description

Industry Utilities Utilities - Regulated

Comparable Companies BKK:WHAUP BKK:EASTW BKK:MORE AWK BSP:SBSP3 LSE:UU.LSE:SVT WTRG HKSE:00270 DFM:EMPOWER BSP:CSMG3 SHSE:600323 HKSE:00371 LSE:PNN SZSE:000598 SHSE:601158 AWR PHS:MYNLD CWT SZSE:000685

Other Exchanges TTAPY:USA TTW:Thailand F1P:Germany

Address Budha Monthon 5 Road, 30/130 Moo 12, Rai Khing, Sam Phran, Nakhon Pathom, THA, 73210

Website https://www.ttwplc.com

TTW PCL is a Thailand-based company chiefly engaged in the production and sale of treated water to its customers, the Provincial Waterworks Authority (PWA). The company supplies water to certain southern regions of Thailand that include Nakhon Pathom and Samut Sakhon. The subsidiaries of TTW PLC provide production, sale, operation, and maintenance services. The majority of the group's revenue is derived from sales of treated water to public sector agencies, while the rest is derived from private sector agencies and other sources. Geographically, the group operates only in Thailand.

84GF Score

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$0.29

Price

$0.28

GF Value

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