Neo Performance Materials Dividend
What is Neo Performance Materials's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Neo Performance Materials Dividend Yield vs Market|
|Market Bottom 25% (CA)||2.0%|
|Market Top 25% (CA)||6.1%|
|Industry Average (Chemicals)||2.4%|
|Analyst forecast in 3 Years (NEO)||4.1%|
Notable Dividend: NEO's dividend (3.95%) is higher than the bottom 25% of dividend payers in the Canadian market (2.01%).
High Dividend: NEO's dividend (3.95%) is low compared to the top 25% of dividend payers in the Canadian market (6.04%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, NEO has been paying a dividend for less than 10 years.
Growing Dividend: NEO's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (23.8%), NEO's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: NEO is paying a dividend but the company has no free cash flows.