Old Mutual Dividend
Dividend criteria checks 2/6
Old Mutual is a dividend paying company with a current yield of 6.27% that is well covered by earnings. Next payment date is on 21st October, 2024 with an ex-dividend date of 16th October, 2024.
Key information
6.3%
Dividend yield
46%
Payout ratio
Industry average yield | 3.9% |
Next dividend pay date | 21 Oct 24 |
Ex dividend date | 16 Oct 24 |
Dividend per share | R0.830 |
Earnings per share | R1.83 |
Dividend yield forecast | 8.1% |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: OMU's dividend payments have been volatile in the past 10 years.
Growing Dividend: OMU's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
Old Mutual Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (OMU) | 6.3% |
Market Bottom 25% (ZA) | 3.2% |
Market Top 25% (ZA) | 7.4% |
Industry Average (Insurance) | 3.9% |
Analyst forecast (OMU) (up to 3 years) | 8.1% |
Notable Dividend: OMU's dividend (6.27%) is higher than the bottom 25% of dividend payers in the ZA market (3.19%).
High Dividend: OMU's dividend (6.27%) is low compared to the top 25% of dividend payers in the ZA market (7.41%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (45.8%), OMU's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: OMU is paying a dividend but the company has no free cash flows.