Magontec Dividend

What is Magontec current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.81%

Current Dividend Yield

Dividend Yield vs Market

Magontec Dividend Yield vs Market
How does MGL dividend yield compare to the market?
SegmentDividend Yield
Company (MGL)3.8%
Market Bottom 25% (AU)2.6%
Market Top 25% (AU)6.7%
Industry Average (Metals and Mining)7.3%
Analyst forecast in 3 Years (MGL)n/a

Notable Dividend: MGL's dividend (3.81%) is higher than the bottom 25% of dividend payers in the Australian market (2.56%).

High Dividend: MGL's dividend (3.81%) is low compared to the top 25% of dividend payers in the Australian market (6.67%).


Stability and Growth of Payments

How stable has Magontec's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
1/26/20230.0123.81
10/31/20220.0123.8
8/24/20220.0123.05

Stable Dividend: Too early to tell whether MGL's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if MGL's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (2.6%), MGL's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (7.9%), MGL's dividend payments are thoroughly covered by cash flows.


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