Nickel Industries Dividend
What is Nickel Industries's current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
3.20%
Current Dividend Yield
Dividend Yield vs Market
| Nickel Industries Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NIC) | 3.2% |
| Market Bottom 25% (AU) | 2.5% |
| Market Top 25% (AU) | 6.7% |
| Industry Average (Metals and Mining) | 7.3% |
| Analyst forecast in 3 Years (NIC) | 1.8% |
Notable Dividend: NIC's dividend (3.2%) is higher than the bottom 25% of dividend payers in the Australian market (2.55%).
High Dividend: NIC's dividend (3.2%) is low compared to the top 25% of dividend payers in the Australian market (6.72%).
Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 6/30/2024 | 0.08 | 1 |
| 6/30/2023 | 0.085 | 1 |
| 1/30/2023 | 0.025 | 3.2 |
| 9/1/2022 | 0.025 | 4.46 |
| 1/26/2022 | 0.027 | 3.39 |
| 8/25/2021 | 0.028 | 3.48 |
| 1/27/2021 | 0.029 | 3.48 |
| 8/30/2020 | 0.014 | 2.21 |
Stable Dividend: Whilst dividend payments have been stable, NIC has been paying a dividend for less than 10 years.
Growing Dividend: NIC's dividend payments have increased, but the company has only paid a dividend for 2 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (43.5%), NIC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: NIC is paying a dividend but the company has no free cash flows.