Neo Performance Materials Dividend

What is Neo Performance Materials's current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.95%

Current Dividend Yield

Dividend Yield vs Market

Neo Performance Materials Dividend Yield vs Market
How does NEO dividend yield compare to the market?
SegmentDividend Yield
Company (NEO)3.9%
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.


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