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 10.98% that is well covered by earnings.
Key information
11.0%
Dividend yield
57%
Payout ratio
Industry average yield | 5.5% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | €1.93 |
Dividend yield forecast in 3Y | 8.3% |
Recent dividend updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CIDS's dividend payments have been volatile in the past 10 years.
Growing Dividend: CIDS's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Companhia Energética de Minas Gerais - CEMIG Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (CIDS) | 11.0% |
Market Bottom 25% (DE) | 1.7% |
Market Top 25% (DE) | 4.6% |
Industry Average (Electric Utilities) | 5.5% |
Analyst forecast in 3 Years (CIDS) | 8.3% |
Notable Dividend: CIDS's dividend (10.98%) is higher than the bottom 25% of dividend payers in the German market (1.66%).
High Dividend: CIDS's dividend (10.98%) is in the top 25% of dividend payers in the German market (4.59%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (56.6%), CIDS's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (147.9%), CIDS's dividend payments are not well covered by cash flows.