Avangrid Dividend
Dividend criteria checks 3/6
Avangrid is a dividend paying company with a current yield of 4.8% that is well covered by earnings. Next payment date is on 1st July, 2024 with an ex-dividend date of 3rd June, 2024.
Key information
4.8%
Dividend yield
76%
Payout ratio
| Industry average yield | 5.8% |
| Next dividend pay date | 01 Jul 24 |
| Ex dividend date | 03 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | €2.31 |
| Dividend yield forecast in 3Y | 4.8% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 12A has been paying a dividend for less than 10 years.
Growing Dividend: 12A's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Avangrid Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (12A) | 4.8% |
| Market Bottom 25% (DE) | 1.6% |
| Market Top 25% (DE) | 4.7% |
| Industry Average (Electric Utilities) | 5.8% |
| Analyst forecast in 3 Years (12A) | 4.8% |
Notable Dividend: 12A's dividend (4.8%) is higher than the bottom 25% of dividend payers in the German market (1.65%).
High Dividend: 12A's dividend (4.8%) is in the top 25% of dividend payers in the German market (4.77%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (76.3%), 12A's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 12A is paying a dividend but the company has no free cash flows.