Magontec Dividend
Dividend criteria checks 2/6
Magontec is a dividend paying company with a current yield of 3.69%.
Key information
3.7%
Dividend yield
201%
Payout ratio
Industry average yield | 4.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | AU$0.0059 |
Dividend yield forecast in 3Y | 3.7% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, MGL has been paying a dividend for less than 10 years.
Growing Dividend: MGL has only been paying a dividend for 2 years, and since then payments have not increased.
Dividend Yield vs Market
Magontec Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (MGL) | 3.7% |
Market Bottom 25% (AU) | 2.6% |
Market Top 25% (AU) | 6.3% |
Industry Average (Metals and Mining) | 4.9% |
Analyst forecast in 3 Years (MGL) | 3.7% |
Notable Dividend: MGL's dividend (3.69%) is higher than the bottom 25% of dividend payers in the Australian market (2.62%).
High Dividend: MGL's dividend (3.69%) is low compared to the top 25% of dividend payers in the Australian market (6.25%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (201.1%), MGL's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (12.8%), MGL's dividend payments are thoroughly covered by cash flows.