Magontec Dividend
What is Magontec current dividend yield, its reliability and sustainability?
Dividend Score
3/6Dividend 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 |
|---|
| Segment | Dividend 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
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 1/26/2023 | 0.012 | 3.81 |
| 10/31/2022 | 0.012 | 3.8 |
| 8/24/2022 | 0.012 | 3.05 |
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.