Coventry Group (ASX:CYG) Dividend Payout Ratio : 0.00 (As of Dec. 2023)

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What is Coventry Group Dividend Payout Ratio?

Coventry Group's dividend payout ratio for the months ended in Dec. 2023 was 0.00.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Coventry Group Ltd is 5.83, which seems too high.

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

ASX:CYG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.45 Med: 1.3 Max: 14
Current: 5.83

During the past 13 years, the highest Dividend Payout Ratio of Coventry Group was 14.00. The lowest was 0.45. And the median was 1.30.

ASX:CYG's Dividend Payout Ratio is ranked worse than
100% of 92 companies
in the Industrial Distribution industry
Industry Median: 0.35 vs ASX:CYG: 5.83

As of today (2024-05-13), the Dividend Yield % of Coventry Group is 2.46%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Coventry Group was 14.63%. The lowest was 2.12%. And the median was 6.78%.

Coventry Group's Dividends per Share for the months ended in Dec. 2023 was A$0.04.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Coventry Group was 58.00% per year. The lowest was -51.80% per year. And the median was 2.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Coventry Group Dividend Payout Ratio Historical Data

The historical data trend for Coventry Group'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.

Coventry Group Dividend Payout Ratio Chart

Coventry Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dividend Payout Ratio

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0.45

1.30

Coventry Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															1.15	-	2.19	-	-

Competitive Comparison of Coventry Group's Dividend Payout Ratio

For the Industrial Distribution subindustry, Coventry Group'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.

Coventry Group's Dividend Payout Ratio Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Coventry Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Coventry Group's Dividend Payout Ratio falls into.

Coventry Group Dividend Payout Ratio Calculation

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

Coventry Group'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 )
	=	0.035	/	0.027
	=	1.30

Coventry Group'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 )
	=	0.035	/	-0.004
	=	N/A

Coventry Group (ASX:CYG) 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.

Coventry Group Dividend Payout Ratio Related Terms

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

Coventry Group (ASX:CYG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Coventry Group Ltd (ASX:CYG) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

235 Settlement Road, Thomastown, P.O. Box 526, Melbourne, VIC, AUS, 3074

Website

https://www.cgl.com.au

Coventry Group Ltd distributes and markets industrial products. The company operates through the following segments: Trade Distribution, and Fluid Systems. It generates maximum revenue from the Trade Distribution segment. The Trade Distribution segment includes the importation, distribution, and marketing of industrial fasteners, industrial hardware supplies and associated products and cabinet making hardware. Its Fluid Systems segment includes the design, manufacture, distribution, installation, and maintenance of lubrication and hydraulic fluid systems and hoses. Geographically, it derives a majority of revenue from Australia.

Coventry Group (ASX:CYG) Headlines

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