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Argon Denims (DHA:ARGONDENIM) Dividend Yield % : 5.99% (As of Apr. 25, 2024)


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What is Argon Denims Dividend Yield %?

As of today (2024-04-25), the Trailing Annual Dividend Yield of Argon Denims is 5.99%.

Good Sign:

Argon Denims Ltd stock dividend yield is close to 3-year high.

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

DHA:ARGONDENIM' s Dividend Yield % Range Over the Past 10 Years
Min: 0.99   Med: 4.74   Max: 8.51
Current: 5.99

During the past 9 years, the highest Dividend Yield of Argon Denims was 8.51%. The lowest was 0.99%. And the median was 4.74%.

DHA:ARGONDENIM's Dividend Yield % is ranked better than
83.42% of 555 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.47 vs DHA:ARGONDENIM: 5.99

Argon Denims's Dividend Payout Ratio for the three months ended in Dec. 2023 was 7.14.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Argon Denims Ltd is 1.15, which seems too high.

During the past 9 years, the highest Dividend Payout Ratio of Argon Denims was 1.90. The lowest was 0.15. And the median was 0.56.

As of today (2024-04-25), the Forward Dividend Yield % of Argon Denims is 5.99%.

Argon Denims's Dividends per Share for the three months ended in Dec. 2023 was BDT1.00.

During the past 3 years, the average Dividends Per Share Growth Rate was 5.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -4.90% per year.

During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of Argon Denims was 60.90% per year. The lowest was -23.90% per year. And the median was 5.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Argon Denims Dividend Yield % Historical Data

The historical data trend for Argon Denims'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.

Argon Denims Dividend Yield % Chart

Argon Denims Annual Data
Trend Dec13 Dec14 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only 5.98 4.96 1.85 5.18 5.29

Argon Denims Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 5.49 5.49 5.29 5.49 5.49

Competitive Comparison of Argon Denims's Dividend Yield %

For the Textile Manufacturing subindustry, Argon Denims'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.


Argon Denims's Dividend Yield % Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Argon Denims's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Argon Denims's Dividend Yield % falls into.



Argon Denims Dividend Yield % Calculation

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

Argon Denims Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
BDT 1.0002023-11-152023-11-142024-01-18Cash DividendannuallyBDT:BDT 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.

Argon Denims's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1/16.70
=5.99 %

Current Share Price is BDT16.70.
Argon Denims's Dividends per Share for the trailing twelve months (TTM) ended in Today is BDT1.

Argon Denims's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1/16.70
=5.99 %

Current Share Price is BDT16.70.
Argon Denims's Dividends per Share for the forward twelve months is calculated as BDT1 * 1 = BDT1.

* 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.


Argon Denims  (DHA:ARGONDENIM) 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.


Argon Denims Dividend Yield % Related Terms

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


Argon Denims (DHA:ARGONDENIM) Business Description

Traded in Other Exchanges
N/A
Address
57, Joar Sahara, New Airport Road, Level-6, Lotus Kamal Tower ONE, Nikunja-2- C/A, Dhaka, BGD, 1229
Argon Denims Ltd is engaged in manufacturing, dyeing, and finishing Denim Fabric based in Bangladesh and focuses on exports. The firm carries out the business of weaving, spinning, bleaching, dyeing, mercerizing printing, finishing, and selling denim fabrics, yarn, cloth, linen, hosiery, and other goods and fabrics whether textiles knitted or looped. It produces a medium and premium range of denim fabrics in various weights. The products include fabrics in 100% cotton, cotton stretch, cotton polyester, and cotton-polyester stretch. The dyeing line is equipped with light and dark indigo, Sulphur black, SBIT, IBST with casts and colors.

Argon Denims (DHA:ARGONDENIM) Headlines

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