Millat TractorsKAR:MTL 78 Dividend Yield % is 5.64% as of Jun. 26, 2026, which is 22% below its 10-year median of 7.26. GuruFocus rates KAR:MTL with a GF Score™ of 78/100 and a GF Value™ of ₨211.73 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 140 Farm & Heavy Construction Machinery companies, Millat Tractors ranks better than 85% on this metric.
As of today (2026-06-26), the Trailing Annual Dividend Yield of Millat Tractors is 5.64%.
Warning Sign:
Millat Tractors Ltd stock Dividend Yield % is close to 1-year low.
The historical rank and industry rank for Millat Tractors's Dividend Yield % or its related term are showing as below:
KAR:MTL'
s Dividend Yield % Range Over the Past 10 Years
Min: 2.96 Med: 7.26 Max: 15.96
Current: 5.64
During the past 13 years, the highest Dividend Yield of Millat Tractors was 15.96%. The lowest was 2.96%. And the median was 7.26%.
KAR:MTL's Dividend Yield % is ranked better than 85% of 140
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 2.285
vs KAR:MTL: 5.64
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Millat Tractors Ltd is 0.95, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Millat Tractors was 1.45. The lowest was 0.67. And the median was 1.07.
During the past 12 months, Millat Tractors's average Dividends Per Share Growth Rate was -22.20% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 7.30% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 22.10% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 13.10% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Millat Tractors was 38.70% per year. The lowest was -9.10% per year. And the median was 11.90% 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.
Millat Tractors (KAR:MTL) 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.
The historical data trend for Millat Tractors'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.
KAR:MTL vs CAT, DE, PCAR: Dividend Yield % Comparison
For the Farm & Heavy Construction Machinery subindustry, Millat Tractors'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.
Millat Tractors Dividend Yield % vs Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Millat Tractors's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Millat Tractors's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Millat Tractors Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
PKR 10.000000
2026-03-03
2026-03-03
2026-03-12
Cash Dividend
semi-annually
PKR:PKR 1.000000
PKR 7.500000
2025-10-15
2025-10-16
2025-11-05
Cash Dividend
semi-annually
PKR:PKR 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.
Millat Tractors's Trailing Annual Dividend Yield (%) for Today is calculated as
* 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.
Millat Tractors (KAR:MTL) has a Dividend Yield % of 5.64% as of Jun. 26, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Millat Tractors and its competitors. This is 22% below median its historical median of 7.26. Over the past decade, Millat Tractors' Dividend Yield % has ranged from 2.96 to 15.96. According to the industry distribution chart, Millat Tractors ranks #21 out of 140 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 15%.
Is Millat Tractors' Dividend Yield % too high?
Millat Tractors' current Dividend Yield % of 5.64% is 22% below median its 10-year median of 7.26. Over the past 10 years, this metric has ranged from a low of 2.96 to a high of 15.96. The Farm & Heavy Construction Machinery industry median Dividend Yield % is 2.29. Millat Tractors' value of 5.64% is 146.8% above this industry median. Based on the distribution chart, Millat Tractors ranks #21 out of 140 companies in the Farm & Heavy Construction Machinery industry, which is in the top quartile — a strong position relative to peers. Overall, Millat Tractors has a GF Score™ of 78/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Millat Tractors' Dividend Yield % compare to CAT and DE?
According to the Farm & Heavy Construction Machinery industry distribution chart, Millat Tractors ranks #21 out of 140 companies for Dividend Yield %. This places Millat Tractors in the top 15% of its industry — outperforming the majority of peers. The industry median Dividend Yield % is 2.29. Millat Tractors' value of 5.64% is 146.8% above this benchmark. Historically, Millat Tractors' own Dividend Yield % has ranged from 2.96 to 15.96 over the past decade. While the company's 10-year median is 7.26 vs. the industry median of 2.29, Millat Tractors 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 Yield % for a Farm & Heavy Construction Machinery company?
The median Dividend Yield % among Farm & Heavy Construction Machinery companies is 2.29, based on 140 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Millat Tractors's current Dividend Yield % of 5.64% is 146.8% 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Millat Tractors and its competitors. For the Farm & Heavy Construction Machinery industry, the median Dividend Yield % is 2.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Millat Tractors's current Dividend Yield % is 5.64%, which is 22% below median its own 10-year median of 7.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Millat Tractors stock overvalued right now?
Based on GuruFocus' analysis, Millat Tractors (KAR:MTL) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨211.73, compared to a current price of ₨310.22 — trading 46.5% above its estimated fair value. The current Dividend Yield % is 5.64%, which is 22% below median its 10-year median of 7.26 and 146.8% above the Farm & Heavy Construction Machinery industry median of 2.29. Millat Tractors' overall GF Score™ is 78/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Millat Tractors (KAR:MTL), the current Dividend Yield % is 5.64% as of Jun. 26, 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 Millat Tractors (KAR:MTL) Overvalued in 2026?
Based on GuruFocus' analysis, Millat Tractors stock appears to be overvalued.
The current stock price of ₨310.22 is trading 46.5% above its estimated GF Value™ of ₨211.73.
GuruFocus considers Millat Tractors to be Significantly Overvalued.
Key valuation signals for KAR:MTL:
Dividend Yield %: 5.64% (22% below median its 10-year median of 7.26)
GF Value™: ₨211.73 vs. price of ₨310.22 (46.5% above fair value)
Industry Position: 146.8% above the Farm & Heavy Construction Machinery median (#21 of 140)
No single metric tells the full story. See the KAR:MTL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Millat Tractors Ltd operates in the automobile sector. It is engaged in assembling and manufacturing of agricultural tractors, implements and multi-application products. The Company is also involved in the sale, implementation and support of IFS applications in Pakistan and abroad. The company's operating segment includes Tractors; Tractor components; Castings and Others. It generates maximum revenue from the Tractors segment. The tractor components segment is engaged in the business of manufacturing automotive, agricultural and industrial vehicle parts and components.
78GF Score
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