Adani Ports and Special Economic Zone Limited (NSE:ADANIPORTS) is set to go ex-dividend in the next 4 days. The ex-dividend date is important as it determines the shareholders eligible to receive a dividend. To receive Adani Ports and Special Economic Zone’s upcoming dividend of ₹6.00 per share, investors must purchase the stock before the 14th of June. The dividend will be paid on the 24th of July.
In the past 12 months, Adani Ports and Special Economic Zone distributed a total of ₹6.00 per share to shareholders. The stock has a trailing yield of around 0.4% based on the current share price of ₹1378.85. It’s important to ensure that dividend payments are sustainable and that the company is growing.
Adani Ports and Special Economic Zone has a low and conservative payout ratio of just 15% of its income after tax. Dividends were well covered by free cash flow, with the company paying out 14% of its cash flow last year. This suggests that the dividend is sustainable as long as earnings remain stable.
The company’s earnings per share have grown by 16% per annum over the last five years. Additionally, Adani Ports and Special Economic Zone has increased its dividend at approximately 20% a year on average in the past 10 years. This indicates a strong dividend growth rate.
Overall, Adani Ports and Special Economic Zone appears to be a strong dividend stock worth further research. However, investors should be aware of any risks the stock currently faces. It’s important to conduct thorough research before investing in any dividend stock.