HiTech Group Australia (ASX:HIT) Dividend Payout Ratio : 0.79 (As of Dec. 2023)

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What is HiTech Group Australia Dividend Payout Ratio?

HiTech Group Australia's dividend payout ratio for the months ended in Dec. 2023 was 0.79.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of HiTech Group Australia Ltd is 0.72, which seems too high.

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

ASX:HIT' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.72 Med: 0.91 Max: 1.05
Current: 0.72

During the past 13 years, the highest Dividend Payout Ratio of HiTech Group Australia was 1.05. The lowest was 0.72. And the median was 0.91.

ASX:HIT's Dividend Payout Ratio is ranked worse than
79.77% of 519 companies
in the Business Services industry
Industry Median: 0.4 vs ASX:HIT: 0.72

As of today (2024-05-23), the Dividend Yield % of HiTech Group Australia is 5.31%.

During the past 13 years, the highest Trailing Annual Dividend Yield of HiTech Group Australia was 12.50%. The lowest was 3.33%. And the median was 5.56%.

HiTech Group Australia's Dividends per Share for the months ended in Dec. 2023 was A$0.05.

During the past 12 months, HiTech Group Australia's average Dividends Per Share Growth Rate was -9.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of HiTech Group Australia was 115.40% per year. The lowest was 4.60% per year. And the median was 11.20% per year.

The growth rate is calculated with least square regression.

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

HiTech Group Australia Dividend Payout Ratio Historical Data

The historical data trend for HiTech Group Australia'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.

HiTech Group Australia Dividend Payout Ratio Chart

HiTech Group Australia Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Dividend Payout Ratio

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1.05

0.91

0.86

0.94

0.85

HiTech Group Australia 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															1.00	0.88	1.11	0.67	0.79

Competitive Comparison of HiTech Group Australia's Dividend Payout Ratio

For the Staffing & Employment Services subindustry, HiTech Group Australia'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.

HiTech Group Australia's Dividend Payout Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, HiTech Group Australia's Dividend Payout Ratio distribution charts can be found below:

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

HiTech Group Australia Dividend Payout Ratio Calculation

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

HiTech Group Australia'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 )
	=	0.11	/	0.129
	=	0.85

HiTech Group Australia'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 )
	=	0.05	/	0.063
	=	0.79

HiTech Group Australia (ASX:HIT) 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.

HiTech Group Australia Dividend Payout Ratio Related Terms

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

HiTech Group Australia (ASX:HIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » HiTech Group Australia Ltd (ASX:HIT) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gateway Tower, SE3701b, Level 37, 1 Macquarie Place, Sydney, NSW, AUS, 2000

Website

https://www.hitechaust.com

HiTech Group Australia Ltd supplies recruitment services for permanent and contract staff to the information and communication technology sector. Its only operating segment being recruitment. Geographically, it operates only in Australia. It generates revenue from contracting and permanent placement.

HiTech Group Australia (ASX:HIT) Headlines

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