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Kelani Tyres (COL:TYRE.N0000) Dividend Yield % : 8.23% (As of Sep. 23, 2024)


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What is Kelani Tyres Dividend Yield %?

As of today (2024-09-23), the Trailing Annual Dividend Yield of Kelani Tyres is 8.23%.

Good Sign:

Kelani Tyres PLC stock dividend yield is close to 1-year high.

The historical rank and industry rank for Kelani Tyres's Dividend Yield % or its related term are showing as below:

COL:TYRE.N0000' s Dividend Yield % Range Over the Past 10 Years
Min: 1.88   Med: 6.25   Max: 16.29
Current: 8.23

During the past 13 years, the highest Dividend Yield of Kelani Tyres was 16.29%. The lowest was 1.88%. And the median was 6.25%.

COL:TYRE.N0000's Dividend Yield % is ranked better than
95.01% of 841 companies
in the Vehicles & Parts industry
Industry Median: 2.5 vs COL:TYRE.N0000: 8.23

Kelani Tyres's Dividend Payout Ratio for the three months ended in Jun. 2024 was 0.00.

During the past 13 years, the highest Dividend Payout Ratio of Kelani Tyres was 0.88. The lowest was 0.16. And the median was 0.44.

As of today (2024-09-23), the Forward Dividend Yield % of Kelani Tyres is 8.23%.

Kelani Tyres's Dividends per Share for the three months ended in Jun. 2024 was රු0.00.

During the past 5 years, the average Dividends Per Share Growth Rate was 6.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 14.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Kelani Tyres was 49.40% per year. The lowest was 10.60% per year. And the median was 26.00% 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.


Kelani Tyres Dividend Yield % Historical Data

The historical data trend for Kelani Tyres'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.

* Premium members only.

Kelani Tyres Dividend Yield % Chart

Kelani Tyres Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.55 6.41 8.64 8.42 7.14

Kelani Tyres Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.10 7.46 7.87 7.14 6.41

Competitive Comparison of Kelani Tyres's Dividend Yield %

For the Auto Parts subindustry, Kelani Tyres'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.


Kelani Tyres's Dividend Yield % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Kelani Tyres's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Kelani Tyres's Dividend Yield % falls into.



Kelani Tyres Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Kelani Tyres Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
LKR 6.0000002024-08-272024-08-282024-09-13Cash DividendannuallyLKR:LKR 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.

Kelani Tyres's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=6/72.90
=8.23 %

Current Share Price is රු72.90.
Kelani Tyres's Dividends per Share for the trailing twelve months (TTM) ended in Today is රු6.

Kelani Tyres's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=6/72.90
=8.23 %

Current Share Price is රු72.90.
Kelani Tyres's Dividends per Share for the forward twelve months is calculated as රු6 * 1 = රු6.

* 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.


Kelani Tyres  (COL:TYRE.N0000) 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Kelani Tyres Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Kelani Tyres's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Kelani Tyres Business Description

Traded in Other Exchanges
N/A
Address
203, Union Place, Colombo, LKA, 2
Website
Kelani Tyres PLC is Sri Lanka- based engaged in the manufacture of automobile tires. It imports and sells a range of tyres, alloy wheels and batteries to its related companies. The company generates a majority of revenue from domestic operations.

Kelani Tyres Headlines

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