As of today (2024-05-14), the Trailing Annual Dividend Yield of India Grid Trust is 10.28%.
Good Sign:
India Grid Trust stock dividend yield is close to 3-year high.
The historical rank and industry rank for India Grid Trust's Dividend Yield % or its related term are showing as below:
BOM:540565'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.94 Med: 9.29 Max: 14.63
Current: 10.28
During the past 9 years, the highest Dividend Yield of India Grid Trust was 14.63%. The lowest was 0.94%. And the median was 9.29%.
BOM:540565's Dividend Yield % is ranked better than 89.5% of 238
companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.185
vs BOM:540565: 10.28
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of India Grid Trust is 2.51, which seems too high.
During the past 9 years, the highest Dividend Payout Ratio of India Grid Trust was 2.56. The lowest was 0.91. And the median was 1.66.
During the past 12 months, India Grid Trust's average Dividends Per Share Growth Rate was 4.70% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 4.50% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 11.80% per year.
During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of India Grid Trust was 22.60% per year. The lowest was 3.00% per year. And the median was 4.50% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
India Grid Trust Dividend Yield % Historical Data
The historical data trend for India Grid Trust'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 India Grid Trust's Dividend Yield %
For the Utilities - Independent Power Producers subindustry, India Grid Trust'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.
India Grid Trust's Dividend Yield % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, India Grid Trust's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where India Grid Trust's Dividend Yield % falls into.
India Grid Trust Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
India Grid Trust Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
INR 3.550000
2024-01-31
2024-01-31
2024-02-09
Cash Dividend
quarterly
INR:INR 1.000000
INR 3.550000
2023-11-09
2023-11-09
2023-11-18
Cash Dividend
quarterly
INR:INR 1.000000
INR 3.450000
2023-08-03
2023-08-03
2023-08-12
Cash Dividend
quarterly
INR:INR 1.000000
INR 3.450000
2023-05-18
2023-05-18
2023-05-27
Cash Dividend
quarterly
INR:INR 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.
India Grid Trust'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.
India Grid Trust (BOM:540565) 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.
Thank you for viewing the detailed overview of India Grid Trust's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
India Grid Trust (BOM:540565) Business Description
India Grid Trust is an infrastructure investment trust established to own inter-state power transmission assets in India. Its asset portfolio comprises nine power transmission projects located across 18 states and 1 union territory in India. The projects comprise extra high voltage (EHV) overhead power transmission lines, comprising approximately seven 765 kV transmission lines and thirty 400 kV transmission lines.
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