Northern Islami Insurance Dividend
Dividend criteria checks 2/6
Northern Islami Insurance is a dividend paying company with a current yield of 2.28%. Next payment date is on 31st July, 2024 with an ex-dividend date of 21st May, 2024.
Key information
2.3%
Dividend yield
109%
Payout ratio
| Industry average yield | 3.0% |
| Next dividend pay date | 31 Jul 24 |
| Ex dividend date | 21 May 24 |
| Dividend per share | n/a |
| Earnings per share | ৳0.92 |
| 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, NORTHRNINS has been paying a dividend for less than 10 years.
Growing Dividend: NORTHRNINS has only been paying a dividend for 6 years, and since then payments have not increased.
Dividend Yield vs Market
| Northern Islami Insurance Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NORTHRNINS) | 2.3% |
| Market Bottom 25% (BD) | 0.9% |
| Market Top 25% (BD) | 4.2% |
| Industry Average (Insurance) | 3.0% |
| Analyst forecast in 3 Years (NORTHRNINS) | n/a |
Notable Dividend: NORTHRNINS's dividend (2.28%) is higher than the bottom 25% of dividend payers in the BD market (0.94%).
High Dividend: NORTHRNINS's dividend (2.28%) is low compared to the top 25% of dividend payers in the BD market (4.12%).
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (108.8%), NORTHRNINS's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (29.1%), NORTHRNINS's dividend payments are well covered by cash flows.