Companhia Energética de Minas Gerais - CEMIG Dividend
Dividend criteria checks 4/6
Companhia Energética de Minas Gerais - CEMIG is a dividend paying company with a current yield of 11.26% that is well covered by earnings. Next payment date is on 30th December, 2024 with an ex-dividend date of 30th April, 2024.
Key information
11.3%
Dividend yield
54%
Payout ratio
Industry average yield
5.9%
Next dividend pay date
30 Dec 24
Ex dividend date
30 Apr 24
Dividend per share
n/a
Earnings per share
€2.62
Dividend yield forecast in 3Y
8.5%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CIDA's dividend payments have been volatile in the past 10 years.
Growing Dividend: CIDA's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Companhia Energética de Minas Gerais - CEMIG Dividend Yield vs Market
How does CIDA dividend yield compare to the market?
Segment
Dividend Yield
Company (CIDA)
11.3%
Market Bottom 25% (DE)
1.7%
Market Top 25% (DE)
4.8%
Industry Average (Electric Utilities)
5.9%
Analyst forecast in 3 Years (CIDA)
8.5%
Notable Dividend: CIDA's dividend (11.26%) is higher than the bottom 25% of dividend payers in the German market (1.65%).
High Dividend: CIDA's dividend (11.26%) is in the top 25% of dividend payers in the German market (4.81%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (54.2%), CIDA's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (183.6%), CIDA's dividend payments are not well covered by cash flows.