MEG Energy Dividend

Dividend criteria checks 2/6

MEG Energy is a dividend paying company with a current yield of 1.44% that is well covered by earnings. Next payment date is on 15th October, 2024 with an ex-dividend date of 17th September, 2024.

Key information

1.4%

Dividend yield

5%

Payout ratio

Industry average yield2.5%
Next dividend pay date15 Oct 24
Ex dividend date17 Sep 24
Dividend per share€0.267
Earnings per share€2.20
Dividend yield forecast1.5%

Recent dividend updates

Recent updates

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Too early to tell whether ME7's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if ME7's dividend payments are increasing as they only just started paying a dividend.


Dividend Yield vs Market

MEG Energy Dividend Yield vs Market
How does ME7 dividend yield compare to the market?
SegmentDividend Yield
Company (ME7)1.4%
Market Bottom 25% (DE)1.6%
Market Top 25% (DE)4.7%
Industry Average (Oil and Gas)2.5%
Analyst forecast (ME7) (up to 3 years)1.5%

Notable Dividend: ME7's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the German market (1.61%).

High Dividend: ME7's dividend (1.44%) is low compared to the top 25% of dividend payers in the German market (4.72%).


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (4.7%), ME7's dividend payments are thoroughly covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (10.3%), ME7's dividend payments are thoroughly covered by cash flows.


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