Plato Income Maximiser is a dividend paying company with a current yield of 5.52% that is well covered by earnings. Next payment date is on 31st May, 2024 with an ex-dividend date of 16th May, 2024.
Key information
5.5%
Dividend yield
78%
Payout ratio
Industry average yield
3.9%
Next dividend pay date
31 May 24
Ex dividend date
16 May 24
Dividend per share
n/a
Earnings per share
AU$0.072
Dividend yield forecast in 3Y
n/a
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PL8 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PL8's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
Plato Income Maximiser Dividend Yield vs Market
How does PL8 dividend yield compare to the market?
Segment
Dividend Yield
Company (PL8)
5.5%
Market Bottom 25% (AU)
2.6%
Market Top 25% (AU)
6.3%
Industry Average (Capital Markets)
3.9%
Analyst forecast in 3 Years (PL8)
n/a
Notable Dividend: PL8's dividend (5.52%) is higher than the bottom 25% of dividend payers in the Australian market (2.59%).
High Dividend: PL8's dividend (5.52%) is low compared to the top 25% of dividend payers in the Australian market (6.35%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (78.4%), PL8's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (127.6%), PL8's dividend payments are not well covered by cash flows.