Siam Cement PCL's Dividend Analysis
In This Article:
Assessing the Dividend Performance and Sustainability of Siam Cement PCL
Siam Cement PCL (SCVPF) recently announced a dividend of $3.5 per share, payable on 2024-04-23, with the ex-dividend date set for 2024-04-04. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Siam Cement PCL's dividend performance and assess its sustainability.
What Does Siam Cement PCL Do?
-
This Powerful Chart Made Peter Lynch 29% A Year For 13 Years
-
How to calculate the intrinsic value of a stock?
Siam Cement PCL is a holding company which manufactures and sells a variety of building materials, chemicals, and packaging products. The company organizes itself into four segments based on product type. The chemicals segment, which generates more revenue than any other segment, sells olefins and polyolefins. The cement-building materials segment sells cement, ready-mix concrete, roof tiles, ceramic tiles, and sanitary products. The packaging segment sells pulp, printing and writing paper, and corrugated paper used for packaging. The majority of revenue comes from Thailand.
A Glimpse at Siam Cement PCL's Dividend History
Siam Cement PCL has maintained a consistent dividend payment record since 2009. Dividends are currently distributed on a bi-annual basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Siam Cement PCL's Dividend Yield and Growth
As of today, Siam Cement PCL currently has a 12-month trailing dividend yield of 1.77% and a 12-month forward dividend yield of 2.68%. This suggests an expectation of increased dividend payments over the next 12 months. Over the past three years, Siam Cement PCL's annual dividend growth rate was -28.90%. Extended to a five-year horizon, this rate increased to -18.10% per year. And over the past decade, Siam Cement PCL's annual dividends per share growth rate stands at -4.70%.
Based on Siam Cement PCL's dividend yield and five-year growth rate, the 5-year yield on cost of Siam Cement PCL stock as of today is approximately 0.65%.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2023-12-31, Siam Cement PCL's dividend payout ratio is 0.21.