Meghna Insurance is a dividend paying company with a current yield of 3.44% that is well covered by earnings. Next payment date is on 21st July, 2024 with an ex-dividend date of 2nd June, 2024.
Key information
3.4%
Dividend yield
21%
Payout ratio
Industry average yield
3.1%
Next dividend pay date
21 Jul 24
Ex dividend date
02 Jun 24
Dividend per share
n/a
Earnings per share
৳4.45
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: Whilst dividend payments have been stable, MEGHNAINS has been paying a dividend for less than 10 years.
Growing Dividend: MEGHNAINS's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
Meghna Insurance Dividend Yield vs Market
How does MEGHNAINS dividend yield compare to the market?
Segment
Dividend Yield
Company (MEGHNAINS)
3.4%
Market Bottom 25% (BD)
0.9%
Market Top 25% (BD)
4.1%
Industry Average (Insurance)
3.1%
Analyst forecast in 3 Years (MEGHNAINS)
n/a
Notable Dividend: MEGHNAINS's dividend (3.44%) is higher than the bottom 25% of dividend payers in the BD market (0.94%).
High Dividend: MEGHNAINS's dividend (3.44%) is low compared to the top 25% of dividend payers in the BD market (4.12%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (21%), MEGHNAINS's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate MEGHNAINS's cash payout ratio to determine if its dividend payments are covered by cash flows.