Thyrocare Technologies (NSE:THYROCARE) Dividend Yield % : 2.90% (As of May. 30, 2024)

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What is Thyrocare Technologies Dividend Yield %?

As of today (2024-05-30), the Trailing Annual Dividend Yield of Thyrocare Technologies is 2.90%.

Warning Sign:

Thyrocare Technologies Ltd stock dividend yield is close to 1-year low.

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

NSE:THYROCARE' s Dividend Yield % Range Over the Past 10 Years
Min: 0.34 Med: 1.84 Max: 5.05
Current: 2.9

During the past 10 years, the highest Dividend Yield of Thyrocare Technologies was 5.05%. The lowest was 0.34%. And the median was 1.84%.

NSE:THYROCARE's Dividend Yield % is ranked better than
73.24% of 71 companies
in the Medical Diagnostics & Research industry
Industry Median: 2.04 vs NSE:THYROCARE: 2.90

Thyrocare Technologies's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Thyrocare Technologies Ltd is 1.34, which seems too high.

During the past 10 years, the highest Dividend Payout Ratio of Thyrocare Technologies was 1.59. The lowest was 0.33. And the median was 0.60.

As of today (2024-05-30), the Forward Dividend Yield % of Thyrocare Technologies is 0.00%.

Thyrocare Technologies's Dividends per Share for the three months ended in Mar. 2024 was ₹0.00.

During the past 12 months, Thyrocare Technologies's average Dividends Per Share Growth Rate was 20.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 21.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 16.30% per year.

During the past 10 years, the highest 3-Year average Dividends Per Share Growth Rate of Thyrocare Technologies was 49.40% per year. The lowest was -15.70% per year. And the median was 32.90% per year.

The growth rate is calculated with least square regression.

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

Thyrocare Technologies Dividend Yield % Historical Data

The historical data trend for Thyrocare Technologies'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.

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Thyrocare Technologies Dividend Yield % Chart

Thyrocare Technologies Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Dividend Yield %

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5.03

1.11

1.93

3.49

3.05

Thyrocare Technologies Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Yield %	Get a 7-Day Free Trial															3.49	3.48	3.17	2.80	3.05

Competitive Comparison of Thyrocare Technologies's Dividend Yield %

For the Diagnostics & Research subindustry, Thyrocare Technologies'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.

Thyrocare Technologies's Dividend Yield % Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Thyrocare Technologies's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Thyrocare Technologies's Dividend Yield % falls into.

Thyrocare Technologies Dividend Yield % Calculation

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

Thyrocare Technologies (NSE:THYROCARE) 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.

Thyrocare Technologies Dividend Yield % Related Terms

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Thyrocare Technologies (NSE:THYROCARE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Thyrocare Technologies Ltd (NSE:THYROCARE) » Definitions » Dividend Yield %

Comparable Companies

Traded in Other Exchanges

539871:India

Address

D-37/1, TTC Industrial Area, MIDC, Turbhe, Opposite Sandoz, Navi Mumbai, MH, IND, 400703

Website

https://www.thyrocare.com

Thyrocare Technologies Ltd is a diagnostics & research company. The company has three business segments: Diagnostic Testing Services, Imaging Services, and Other. The Diagnostic Testing Services segment provides a medical diagnostic investigation into thyroid disorders, metabolism disorders, diabetes, anemia, infertility, auto-immunity, and other infectious diseases. The company primarily earns majority of its revenue from Diagnostic Testing Services segment. The Imaging Services segment operates a network of imaging centers focused on early and effective cancer monitoring. The Other business segment provides miscellaneous services. The company earns the vast majority of its revenue in India.

Thyrocare Technologies (NSE:THYROCARE) Headlines

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