If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Coventry Group Ltd is 5.83, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Coventry Group was 14.00. The lowest was 0.45. And the median was 1.30.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Coventry Group was 58.00% per year. The lowest was -51.80% per year. And the median was 2.10% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Coventry Group Dividend Yield % Historical Data
The historical data trend for Coventry Group's Dividend Yield % 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.
Competitive Comparison of Coventry Group's Dividend Yield %
For the Industrial Distribution subindustry, Coventry Group's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
Coventry Group's Dividend Yield % Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Coventry Group's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Coventry Group's Dividend Yield % falls into.
Coventry Group Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Coventry Group Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
AUD 0.035000
2023-09-28
2023-09-29
2023-10-13
Cash Dividend
annually
AUD:AUD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Coventry Group's Trailing Annual Dividend Yield (%) for Today is calculated as
Coventry Group's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.035
/
1.50
=
2.33 %
Current Share Price is A$1.50. Coventry Group's Dividends per Share for the forward twelve months is calculated as A$0.035 * 1 = A$0.035.
* 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.
Coventry Group (ASX:CYG) Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
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.
Thank you for viewing the detailed overview of Coventry Group's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Coventry Group Ltd distributes and markets industrial products. The company operates through the following segments: Trade Distribution, and Fluid Systems. It generates maximum revenue from the Trade Distribution segment. The Trade Distribution segment includes the importation, distribution, and marketing of industrial fasteners, industrial hardware supplies and associated products and cabinet making hardware. Its Fluid Systems segment includes the design, manufacture, distribution, installation, and maintenance of lubrication and hydraulic fluid systems and hoses. Geographically, it derives a majority of revenue from Australia.
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