Stingray Group Dividends and Buybacks
Dividend criteria checks 2/6
Stingray Group is a dividend paying company with a current yield of 3.68%. Next payment date is on 13th December, 2024 with an ex-dividend date of 29th November, 2024.
Key information
3.7%
Dividend yield
1.2%
Buyback Yield
| Total Shareholder Yield | 4.9% |
| Future Dividend Yield | 3.7% |
| Dividend Growth | 8.8% |
| Next dividend pay date | 13 Dec 24 |
| Ex dividend date | 29 Nov 24 |
| Dividend per share | CA$0.300 |
| Payout ratio | -85% |
Recent dividend and buyback 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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (RAY.B) | 3.7% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Media) | 2.6% |
| Analyst forecast (RAY.B) (up to 3 years) | 3.7% |
Notable Dividend: RAY.B's dividend (3.68%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: RAY.B's dividend (3.68%) is low compared to the top 25% of dividend payers in the Canadian market (6.15%).
Earnings Payout to Shareholders
Earnings Coverage: RAY.B is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (22.4%), RAY.B's dividend payments are well covered by cash flows.