Adani Total Gas (ATGL.NS) Dividends
Market Cap: $670.61B
Avg Volume: 950.88K
Industry: Regulated Gas
Sector: Utilities
Dividend Overview
Adani Total Gas (ATGL.NS) pays a annual dividend to its shareholders. The current dividend yield is 0.03%, which means that for every $100 invested at the current price, investors would receive approximately $0.03 in dividends per year (this can change based on future dividend payments and price movements).
About ATGL.NS's Dividend
Adani Total Gas pays a annual dividend. The total annual dividend is approximately $0.25 per share, meaning for each share you own, you'll receive about $0.25 in dividends over the course of a year.
The most recent ex-dividend date was June 14, 2024. If you purchase the stock before its ex-dividend date, you'll be eligible for the upcoming dividend payment.
Adani Total Gas's payout ratio is 0.04% which means that 0.04% of the company's earnings are paid out as dividends. A low payout ratio indicates that the company has a strong financial position and can invest in growth opportunities, while maintaining room to increase dividends in the future.
ATGL.NS Dividend History
| Dividend | Yield | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.25 | 0.03% | June 14, 2024 | June 14, 2024 | July 25, 2024 | |
| $0.25 | 0.04% | July 07, 2023 | July 07, 2023 | August 17, 2023 | |
| $0.25 | 0.01% | July 14, 2022 | July 15, 2022 | August 25, 2022 | |
| $0.25 | 0.02% | June 24, 2021 | June 25, 2021 | August 11, 2021 | |
| $0.25 | 0.28% | March 26, 2020 | March 27, 2020 | April 18, 2020 | |
| $0.25 | 0.16% | July 26, 2019 | July 29, 2019 | September 05, 2019 |
Dividend Safety
Dividend safety refers to the ability of a company to continue paying its dividends to shareholders without interruption or reduction. A company with a high level of dividend safety is generally considered to have a strong financial position, with a consistent history of paying dividends and a low risk of default.
Key Safety Indicators for ATGL.NS
- Dividend Payout Ratio: 0.04% Low risk
- Dividend & Capex Coverage Ratio: 1.16x Adequate coverage
- Dividend Frequency: Annual
What These Indicators Mean
A low payout ratio (typically less than 60%) indicates that a company has enough earnings to pay dividends and retain earnings to reinvest in the business. Adani Total Gas's payout ratio is 0.04% , which is very conservative and suggests strong dividend sustainability.
The Dividend & Capex Coverage Ratio of 1.16x indicates how well the company can cover both its dividend payments and capital expenditures from operating cash flows. This ratio above 1.0x indicates Adani Total Gas can cover its dividends and necessary investments from its operating cash flow, but has limited cushion.
It is worth noting that dividend safety can change over time based on a company's financial performance, industry conditions, and management decisions. Regular monitoring of these metrics is recommended for dividend-focused investors.