What is McGrath current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|McGrath Dividend Yield vs Market|
|Market Bottom 25% (AU)||2.6%|
|Market Top 25% (AU)||6.9%|
|Industry Average (Real Estate)||3.1%|
|Analyst forecast in 3 Years (MEA)||n/a|
Notable Dividend: MEA's dividend (5.26%) is higher than the bottom 25% of dividend payers in the Australian market (2.62%).
High Dividend: MEA's dividend (5.26%) is low compared to the top 25% of dividend payers in the Australian market (6.94%).
Stability and Growth of Payments
|Month||Dividend Per Share (annual)||Avg. Yield (%)|
Stable Dividend: MEA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MEA has only been paying a dividend for 6 years, and since then payments have fallen.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (27.7%), MEA's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (15.8%), MEA's dividend payments are well covered by cash flows.