If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of ProVen Growth & Income VCT PLC is 0.833, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of ProVen Growth &ome VCT was 0.83. The lowest was 0.32. And the median was 0.69.
During the past 3 years, the average Dividends Per Share Growth Rate was -3.10% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 4.30% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was -7.40% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of ProVen Growth &ome VCT was 118.30% per year. The lowest was -73.00% 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.
ProVen Growth &ome VCT Dividend Yield % Historical Data
The historical data trend for ProVen Growth &ome VCT'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 ProVen Growth &ome VCT's Dividend Yield %
For the Asset Management subindustry, ProVen Growth &ome VCT'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.
ProVen Growth &ome VCT's Dividend Yield % Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, ProVen Growth &ome VCT's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where ProVen Growth &ome VCT's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
ProVen Growth &ome VCT Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
GBP 0.012500
2023-11-16
2023-11-17
2023-12-15
Cash Dividend
semi-annually
GBP:GBP 1.000000
GBP 0.017500
2023-07-06
2023-07-07
2023-08-04
Cash Dividend
semi-annually
GBP:GBP 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.
* 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.
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.
ProVen Growth &ome VCT Dividend Yield % Related Terms
Thank you for viewing the detailed overview of ProVen Growth &ome VCT's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
ProVen Growth &ome VCT (LSE:PGOO) Business Description
ProVen Growth & Income VCT PLC operates as a venture capital trust (VCT). The company's investment objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium-sized unquoted companies with excellent growth prospects and a portfolio of non-qualifying investments including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies and non-qualifying venture capital investments, within the conditions imposed on all VCTs and to minimise the risk of each investment and the portfolio as a whole. Its portfolio of investments includes some sectors such as Technology, Healthcare and Business Services.
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