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 yield | 2.5% |
| Next dividend pay date | 15 Oct 24 |
| Ex dividend date | 17 Sep 24 |
| Dividend per share | €0.267 |
| Earnings per share | €2.20 |
| Dividend yield forecast | 1.5% |
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 |
|---|
| Segment | Dividend 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.