Stingray Group is a dividend paying company with a current yield of 4% 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
4.0%
Dividend yield
56%
Payout ratio
Industry average yield
2.9%
Next dividend pay date
14 Jun 24
Ex dividend date
31 May 24
Dividend per share
n/a
Earnings per share
CA$0.54
Dividend yield forecast in 3Y
4.0%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, RAY.B has been paying a dividend for less than 10 years.
Growing Dividend: RAY.B's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
Stingray Group Dividend Yield vs Market
How does RAY.B dividend yield compare to the market?
Segment
Dividend Yield
Company (RAY.B)
4.0%
Market Bottom 25% (CA)
1.9%
Market Top 25% (CA)
6.5%
Industry Average (Media)
2.9%
Analyst forecast in 3 Years (RAY.B)
4.0%
Notable Dividend: RAY.B's dividend (4%) is higher than the bottom 25% of dividend payers in the Canadian market (1.91%).
High Dividend: RAY.B's dividend (4%) is low compared to the top 25% of dividend payers in the Canadian market (6.5%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (56.1%), RAY.B's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (23.7%), RAY.B's dividend payments are well covered by cash flows.