Meikles (LSE:MIK) Dividend Payout Ratio : 0.37 (As of Aug. 2023)

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What is Meikles Dividend Payout Ratio?

Meikles's dividend payout ratio for the months ended in Aug. 2023 was 0.37.

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

During the past 7 years, the highest Dividend Payout Ratio of Meikles was 5.83. The lowest was 0.01. And the median was 0.56.

LSE:MIK's Dividend Payout Ratio is not ranked ^*
in the Retail - Cyclical industry.
Industry Median: 0.38
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2024-05-13), the Dividend Yield % of Meikles is 0.00%.

During the past 7 years, the highest Trailing Annual Dividend Yield of Meikles was 886.33%. The lowest was 0.01%. And the median was 0.68%.

Meikles's Dividends per Share for the months ended in Aug. 2023 was $0.02.

During the past 12 months, Meikles's average Dividends Per Share Growth Rate was 217.60% per year.

The growth rate is calculated with least square regression.

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

Meikles Dividend Payout Ratio Historical Data

The historical data trend for Meikles'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.

Meikles Dividend Payout Ratio Chart

Meikles Annual Data

Trend

Dec08

Dec09

Mar11

Mar12

Mar19

Mar20

Mar21

Dividend Payout Ratio

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6.50

0.60

Meikles Semi-Annual Data
	Dec09	Mar11	Mar12	Sep12	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Aug23
Dividend Payout Ratio	Get a 7-Day Free Trial									0.25	0.07	0.12	0.38	0.37

Competitive Comparison of Meikles's Dividend Payout Ratio

For the Department Stores subindustry, Meikles'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.

Meikles's Dividend Payout Ratio Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meikles's Dividend Payout Ratio distribution charts can be found below:

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

Meikles Dividend Payout Ratio Calculation

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

Meikles's Dividend Payout Ratio for the fiscal year that ended in Mar. 2021 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Mar. 2021 )	/	Earnings per Share (Diluted) (A: Mar. 2021 )
	=	0.003	/	0.005
	=	0.60

Meikles's Dividend Payout Ratio for the quarter that ended in Aug. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Aug. 2023 )	/	EPS without NRI (Q: Aug. 2023 )
	=	0.016	/	0.043
	=	0.37

Meikles (LSE:MIK) 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.

Meikles Dividend Payout Ratio Related Terms

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

Meikles (LSE:MIK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meikles Ltd (LSE:MIK) » Definitions » Dividend Payout Ratio

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MEIK.ZW:Zimbabwe

Address

4 Steppes Road, Highlands, Harare, ZWE

Website

https://www.meiklesltd.com

Meikles Ltd is a Zimbabwe-based investment holding company. Its business segments include Supermarkets, Hotels, properties, and security guard operations. It is organized into two geographical segments, Zimbabwe, and non-Zimbabwe. The majority of its revenue is generated from the Supermarkets segment within Zimbabwe.