What is Magontec current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Magontec Dividend Yield vs Market|
|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 (%)|
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.