Companhia Energética de Minas Gerais - CEMIG Dividend
Dividend criteria checks 4/6
Companhia Energética de Minas Gerais - CEMIG is a dividend paying company with a current yield of 10.51% that is well covered by earnings.
Key information
10.5%
Dividend yield
57%
Payout ratio
Industry average yield | 6.3% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | R$1.93 |
Dividend yield forecast in 3Y | 8.0% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CMIG3's dividend payments have been volatile in the past 10 years.
Growing Dividend: CMIG3's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Companhia Energética de Minas Gerais - CEMIG Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (CMIG3) | 10.5% |
Market Bottom 25% (BR) | 2.1% |
Market Top 25% (BR) | 8.6% |
Industry Average (Electric Utilities) | 6.3% |
Analyst forecast in 3 Years (CMIG3) | 8.0% |
Notable Dividend: CMIG3's dividend (10.51%) is higher than the bottom 25% of dividend payers in the BR market (2.13%).
High Dividend: CMIG3's dividend (10.51%) is in the top 25% of dividend payers in the BR market (8.6%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (56.6%), CMIG3's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (147.9%), CMIG3's dividend payments are not well covered by cash flows.