As of today (2024-06-03), the Trailing Annual Dividend Yield of Nishat Mills is 6.84%.
The historical rank and industry rank for Nishat Mills's Dividend Yield % or its related term are showing as below:
KAR:NML'
s Dividend Yield % Range Over the Past 10 Years
Min: 2.72 Med: 3.89 Max: 8.1
Current: 6.84
During the past 13 years, the highest Dividend Yield of Nishat Mills was 8.10%. The lowest was 2.72%. And the median was 3.89%.
KAR:NML's Dividend Yield % is ranked better than 89.65% of 541
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.47
vs KAR:NML: 6.84
During the past 12 months, Nishat Mills's average Dividends Per Share Growth Rate was 25.00% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was -4.60% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 0.40% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Nishat Mills was 20.50% per year. The lowest was -7.20% per year. And the median was 7.70% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Nishat Mills Dividend Yield % Historical Data
The historical data trend for Nishat Mills'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 Nishat Mills's Dividend Yield %
For the Textile Manufacturing subindustry, Nishat Mills'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.
Nishat Mills's Dividend Yield % Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Nishat Mills's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Nishat Mills's Dividend Yield % falls into.
Nishat Mills Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Nishat Mills Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
PKR 5.000000
2023-10-16
2023-10-17
2023-11-06
Cash Dividend
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.
Nishat Mills's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
5
/
72.76
=
6.87 %
Current Share Price is ₨72.76. Nishat Mills's Dividends per Share for the trailing twelve months (TTM) ended in Today is ₨5.
Nishat Mills's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
5
/
72.76
=
6.87 %
Current Share Price is ₨72.76. Nishat Mills's Dividends per Share for the forward twelve months is calculated as ₨5 * 1 = ₨5.
* 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.
Thank you for viewing the detailed overview of Nishat Mills's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Nishat Mills Ltd is a textile manufacturing firm in Pakistan. The firm produces cotton and also owns the weaving facility in Pakistan catering to home textile and apparel fabrics. The company conducts its activities through multiple segments such as Spinning, Weaving, Dyeing, Home Textile and Terry, Garments and Power Generation. Its processing facilities are specially made to handle heavyweight fabrics like twills, drills, canvases/poplins, fabrics with minimum tension such as stretch fabrics and all high-density weaves. The business also exports to Europe, the United States of America, Asia, Africa and Australia. The firm caters to domestic and international markets.
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