Larsen & Toubro Dividend yield

Larsen & Toubro is part of Construction and Materials business, which is part of Industrials industry. Larsen & Toubro is a company from India, and his stocks are publicly traded.

Larsen & Toubro stock dividend

Larsen & Toubro paid a total dividend of 33,814 million INR last year, for a market value of 3,799,996 millions (Market Cap 1,861,312 millions). Larsen & Toubro dividend per share is 24.05 INR, and his stock market price 2,702.70 INR.

According to the chart below, where dividend yield is displayed, Larsen & Toubro has a dividend yield of 0.89%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Industrials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Larsen & Toubro stocks dividend with other Construction and Materials companies or other of the best India dividend stocks list.

Larsen & Toubro Dividend Payout

About the ability of Larsen & Toubro to maintain his current dividend of INR 24.05 per share, an amount that accounts for 0.89%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Larsen & Toubro payout on ernings is currently 29.45%, which is lower than the market average and companies of Industrials industry, which are 39.34% and 37.26% respectively. Both figures lead us to believe that there is confidence that Larsen & Toubrocan 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 Larsen & Toubro is INR 152.69 per share, which is higher than the dividend per share paid by the company of INR 24.05, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Larsen & Toubro, compared againt world market average, India companies, Industrials industry and Construction and Materials sector companies.

Larsen & Toubro Dividend History

Below you will find a table with the historical evolution of Larsen & Toubro'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	0.89%	24.05	29.45%	1,406
2022	1.05%	21.90	32.13%	1,405
2021	0.95%	18.01	75.61%	1,405
2020	1.40%	18.03	24.92%	1,404
2019	1.39%	18.04	27.65%	1,403
2018	1.11%	15.96	29.42%	1,402
2017	1.11%	13.97	31.31%	1,400
2016	1.32%	18.25	29.43%	931
2015	1.18%	16.22	29.15%	931

*In millions

Then you can see the evolution of Larsen & Toubro dividend stock, and compare it with the average of India stocks and that of the Construction and Materials stocks.

Larsen & Toubro Stock performance

Finally, last moth Larsen & Toubro showed a return of 1.00% compared to a worldwide -2.49% average, and a -2.39% of Industrials firms. Over the last year, the company obtained a 40.90% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for India and Construction and Materials firms.