Mercantile Islami Insurance Dividend
Dividend criteria checks 2/6
Mercantile Islami Insurance is a dividend paying company with a current yield of 3.11% that is well covered by earnings. Next payment date is on 28th July, 2024 with an ex-dividend date of 27th May, 2024.
Key information
3.1%
Dividend yield
57%
Payout ratio
| Industry average yield | 3.1% |
| Next dividend pay date | 28 Jul 24 |
| Ex dividend date | 27 May 24 |
| Dividend per share | n/a |
| Earnings per share | ৳1.74 |
| 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: MERCINS's dividend payments have been volatile in the past 10 years.
Growing Dividend: MERCINS's dividend payments have not increased over the past 10 years.
Dividend Yield vs Market
| Mercantile Islami Insurance Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MERCINS) | 3.1% |
| Market Bottom 25% (BD) | 0.9% |
| Market Top 25% (BD) | 4.1% |
| Industry Average (Insurance) | 3.1% |
| Analyst forecast in 3 Years (MERCINS) | n/a |
Notable Dividend: MERCINS's dividend (3.11%) is higher than the bottom 25% of dividend payers in the BD market (0.94%).
High Dividend: MERCINS's dividend (3.11%) is low compared to the top 25% of dividend payers in the BD market (4.12%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (57.3%), MERCINS's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (151.2%), MERCINS's dividend payments are not well covered by cash flows.