Champion Iron Dividends and Buybacks
Dividend criteria checks 2/6
Champion Iron is a dividend paying company with a current yield of 4% that is well covered by earnings. Next payment date is on 28th November, 2024 with an ex-dividend date of 12th November, 2024.
Key information
4.0%
Dividend yield
-0.2%
Buyback Yield
| Total Shareholder Yield | 3.8% |
| Future Dividend Yield | 4.3% |
| Dividend Growth | 1.8% |
| Next dividend pay date | 28 Nov 24 |
| Ex dividend date | 12 Nov 24 |
| Dividend per share | CA$0.200 |
| Payout ratio | 41% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, CIA has been paying a dividend for less than 10 years.
Growing Dividend: CIA's dividend payments have increased, but the company has only paid a dividend for 3 years.
Dividend Yield vs Market
| Champion Iron Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CIA) | 4.0% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Metals and Mining) | 1.8% |
| Analyst forecast (CIA) (up to 3 years) | 4.3% |
Notable Dividend: CIA's dividend (4%) is higher than the bottom 25% of dividend payers in the Canadian market (1.78%).
High Dividend: CIA's dividend (4%) is low compared to the top 25% of dividend payers in the Canadian market (6.13%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.9%), CIA's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: CIA is paying a dividend but the company has no free cash flows.