Companhia Energética de Minas Gerais - CEMIG Dividends and Buybacks
Dividend criteria checks 4/6
Companhia Energética de Minas Gerais - CEMIG is a dividend paying company with a current yield of 9.28% that is well covered by earnings.
Key information
9.3%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 6.9% |
| Dividend Growth | 0.4% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | €0.220 |
| Payout ratio | 39% |
Recent dividend and buyback updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CID's dividend payments have been volatile in the past 10 years.
Growing Dividend: CID's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Companhia Energética de Minas Gerais - CEMIG Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CID) | 9.3% |
| Market Bottom 25% (DE) | 1.8% |
| Market Top 25% (DE) | 4.8% |
| Industry Average (Electric Utilities) | 4.8% |
| Analyst forecast (CID) (up to 3 years) | 6.9% |
Notable Dividend: CID's dividend (9.28%) is higher than the bottom 25% of dividend payers in the German market (1.73%).
High Dividend: CID's dividend (9.28%) is in the top 25% of dividend payers in the German market (4.82%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39%), CID's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (246.1%), CID's dividend payments are not well covered by cash flows.