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New Energy Solar Dividend
Dividend criteria checks 2/6
Key information
71.4%
Dividend yield
326%
Payout ratio
| Industry average yield | 2.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | AU$0.014 |
| Dividend yield forecast in 3Y | 71.4% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NEW has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: NEW has only been paying a dividend for 5 years, and since then payments have fallen.
Dividend Yield vs Market
| New Energy Solar Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NEW) | 71.4% |
| Market Bottom 25% (AU) | 2.6% |
| Market Top 25% (AU) | 6.2% |
| Industry Average (Renewable Energy) | 2.8% |
| Analyst forecast in 3 Years (NEW) | 71.4% |
Notable Dividend: NEW's dividend (71.43%) is higher than the bottom 25% of dividend payers in the Australian market (2.73%).
High Dividend: NEW's dividend (71.43%) is in the top 25% of dividend payers in the Australian market (7.02%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (325.9%), NEW's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: NEW is paying a dividend but the company has no free cash flows.