If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Elastron SA is 1.57, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Elastron was 1.57. The lowest was 0.03. And the median was 0.28.
During the past 12 months, Elastron's average Dividends Per Share Growth Rate was 870.40% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Elastron Dividend Yield % Historical Data
The historical data trend for Elastron'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 Elastron's Dividend Yield %
For the Steel subindustry, Elastron'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.
Elastron's Dividend Yield % Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Elastron's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Elastron's Dividend Yield % falls into.
Elastron Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Elastron Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
EUR 0.202000
2023-08-23
2023-08-24
2023-08-28
Cash Dividend
annually
EUR:EUR 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.
Elastron's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.202
/
2.11
=
9.57 %
Current Share Price is €2.11. Elastron's Dividends per Share for the trailing twelve months (TTM) ended in Today is €0.202.
Elastron's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.202
/
2.11
=
9.57 %
Current Share Price is €2.11. Elastron's Dividends per Share for the forward twelve months is calculated as €0.202 * 1 = €0.202.
* 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.
Elastron (ATH:ELSTR) 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 Elastron's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Elastron SA is a Greece based company engaged in importing, processing, and trading of steel, steel plates, iron and metal goods, and related goods. The business segments are Steel products, Energy segment, and Agricultural products. The company processes, produces and resells steel products and insulated composite panels in Steel products segment. Electrical energy segment includes production of electric energy from photovoltaic stations. Agricultural products segment consists production of agricultural products from glasshouse cultivations. The group generates majority of the revenue from the Steel products segment. It makes sales in Greece, and internationally, of which sales in Greece constitutes mainly to the revenue.
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