GrainCorp is a dividend paying company with a current yield of 4.57% that is well covered by earnings. Next payment date is on 18th July, 2024 with an ex-dividend date of 3rd July, 2024.
Key information
4.6%
Dividend yield
63%
Payout ratio
Industry average yield
3.8%
Next dividend pay date
18 Jul 24
Ex dividend date
03 Jul 24
Dividend per share
n/a
Earnings per share
AU$0.44
Dividend yield forecast in 3Y
4.0%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GNC's dividend payments have been volatile in the past 10 years.
Growing Dividend: GNC's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
GrainCorp Dividend Yield vs Market
How does GNC dividend yield compare to the market?
Segment
Dividend Yield
Company (GNC)
4.6%
Market Bottom 25% (AU)
2.6%
Market Top 25% (AU)
6.3%
Industry Average (Consumer Retailing)
3.8%
Analyst forecast in 3 Years (GNC)
4.0%
Notable Dividend: GNC's dividend (4.57%) is higher than the bottom 25% of dividend payers in the Australian market (2.61%).
High Dividend: GNC's dividend (4.57%) is low compared to the top 25% of dividend payers in the Australian market (6.3%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (63.4%), GNC's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.6%), GNC's dividend payments are well covered by cash flows.