Jindal Steel & Power Dividend yield

Jindal Steel & Power is part of Industrial Metals and Mining business, which is part of Basic Materials industry. Jindal Steel & Power is a company from India, and his stocks are publicly traded.

Jindal Steel & Power stock dividend

Jindal Steel & Power paid a total dividend of 2,000 million INR last year, for a market value of 687,923 millions (Market Cap 266,712 millions). Jindal Steel & Power dividend per share is 1.99 INR, and his stock market price 684.50 INR.

According to the chart below, where dividend yield is displayed, Jindal Steel & Power has a dividend yield of 0.29%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Basic Materials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Jindal Steel & Power stocks dividend with other Industrial Metals and Mining companies or other of the high India dividend stocks list.

Jindal Steel & Power Dividend Payout

About the ability of Jindal Steel & Power to maintain his current dividend of INR 1.99 per share, an amount that accounts for 0.29%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Jindal Steel & Power payout on ernings is currently 9.92%, which is lower than the market average and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures lead us to believe that there is confidence that Jindal Steel & Powercan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Jindal Steel & Power is INR 58.01 per share, which is higher than the dividend per share paid by the company of INR 1.99, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Jindal Steel & Power, compared againt world market average, India companies, Basic Materials industry and Industrial Metals and Mining sector companies.

Jindal Steel & Power Dividend History

Below you will find a table with the historical evolution of Jindal Steel & Power's dividend stock, both in percentage and in INR, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	INR	Paypout	Shares*
Present	0.29%	1.99	9.92%	1,005
2022	0.34%	1.97	2.38%	1,005
2021	0.00%	0.00	0.00%	1,020
2020	0.00%	0.00	0.00%	1,020
2019	0.00%	0.00	0.00%	1,018
2018	0.00%	0.00	0.00%	968
2017	0.00%	0.00	0.00%	915
2016	0.00%	0.00	0.00%	915
2015	1.65%	1.50	-10.87%	915

*In millions

Then you can see the evolution of Jindal Steel & Power dividend stock, and compare it with the average of India stocks and that of the Industrial Metals and Mining stocks.

Jindal Steel & Power Stock performance

Finally, last moth Jindal Steel & Power showed a return of 2.40% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 58.00% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for India and Industrial Metals and Mining firms.