Argon Denims (DHA:ARGONDENIM) Dividend Payout Ratio : 7.14 (As of Dec. 2023)

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What is Argon Denims Dividend Payout Ratio?

Argon Denims's dividend payout ratio for the 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.

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

DHA:ARGONDENIM' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.56 Max: 1.9
Current: 1.15

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.

DHA:ARGONDENIM's Dividend Payout Ratio is ranked worse than
87.53% of 425 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.37 vs DHA:ARGONDENIM: 1.15

As of today (2024-05-21), the Dividend Yield % of Argon Denims is 6.13%.

During the past 9 years, the highest Trailing Annual Dividend Yield of Argon Denims was 8.51%. The lowest was 0.99%. And the median was 4.76%.

Argon Denims's Dividends per Share for the 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 Payout Ratio Historical Data

The historical data trend for Argon Denims's Dividend Payout Ratio 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 Payout Ratio Chart

Argon Denims Annual Data

Trend

Dec13

Dec14

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dividend Payout Ratio

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0.49

0.62

0.70

1.90

1.47

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 Payout Ratio	Get a 7-Day Free Trial															33.33	-	-	-	7.14

Competitive Comparison of Argon Denims's Dividend Payout Ratio

For the Textile Manufacturing subindustry, Argon Denims's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Payout Ratio Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Argon Denims's Dividend Payout Ratio falls into.

Argon Denims Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Argon Denims's Dividend Payout Ratio for the fiscal year that ended in Jun. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2023 )	/	EPS without NRI (A: Jun. 2023 )
	=	1	/	0.68
	=	1.47

Argon Denims's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	1	/	0.14
	=	7.14

Argon Denims (DHA:ARGONDENIM) Dividend Payout Ratio Explanation

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.

Argon Denims Dividend Payout Ratio Related Terms

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

Argon Denims (DHA:ARGONDENIM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Argon Denims Ltd (DHA:ARGONDENIM) » Definitions » Dividend Payout Ratio

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

Website

http://www.argondenims.com

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.

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