Midland Bank is a dividend paying company with a current yield of 3.23% that is well covered by earnings. Next payment date is on 14th July, 2024 with an ex-dividend date of 21st May, 2024.
Key information
3.2%
Dividend yield
38%
Payout ratio
Industry average yield
5.0%
Next dividend pay date
14 Jul 24
Ex dividend date
21 May 24
Dividend per share
n/a
Earnings per share
৳1.77
Dividend yield forecast in 3Y
n/a
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether MIDLANDBNK's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if MIDLANDBNK's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
Midland Bank Dividend Yield vs Market
How does MIDLANDBNK dividend yield compare to the market?
Segment
Dividend Yield
Company (MIDLANDBNK)
3.2%
Market Bottom 25% (BD)
0.9%
Market Top 25% (BD)
4.0%
Industry Average (Banks)
5.0%
Analyst forecast in 3 Years (MIDLANDBNK)
n/a
Notable Dividend: MIDLANDBNK's dividend (3.23%) is higher than the bottom 25% of dividend payers in the BD market (0.89%).
High Dividend: MIDLANDBNK's dividend (3.23%) is low compared to the top 25% of dividend payers in the BD market (4.03%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (38.3%), MIDLANDBNK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.