Blue Ribbon Income Fund Dividend
Dividend criteria checks 3/6
Blue Ribbon Income Fund is a dividend paying company with a current yield of 6.27% that is well covered by earnings. Next payment date is on 14th June, 2024 with an ex-dividend date of 31st May, 2024.
Key information
6.3%
Dividend yield
75%
Payout ratio
| Industry average yield | 1.9% |
| Next dividend pay date | 14 Jun 24 |
| Ex dividend date | 31 May 24 |
| Dividend per share | n/a |
| Earnings per share | CA$0.71 |
| 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: RBN.UN's dividend payments have been volatile in the past 10 years.
Growing Dividend: RBN.UN's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Blue Ribbon Income Fund Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (RBN.UN) | 6.3% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.6% |
| Industry Average (Capital Markets) | 1.9% |
| Analyst forecast in 3 Years (RBN.UN) | n/a |
Notable Dividend: RBN.UN's dividend (6.27%) is higher than the bottom 25% of dividend payers in the Canadian market (1.94%).
High Dividend: RBN.UN's dividend (6.27%) is low compared to the top 25% of dividend payers in the Canadian market (6.56%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (74.8%), RBN.UN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (31.4%), RBN.UN's dividend payments are well covered by cash flows.