Misr Chemical Industries Dividends and Buybacks
Dividend criteria checks 3/6
Misr Chemical Industries is a dividend paying company with a current yield of 11.37% that is well covered by earnings. Next payment date is on 28th November, 2024 with an ex-dividend date of 26th November, 2024.
Key information
11.4%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | 1.1% |
| Next dividend pay date | 28 Nov 24 |
| Ex dividend date | 26 Nov 24 |
| Dividend per share | ج.م4.000 |
| Payout ratio | 71% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, MICH has been paying a dividend for less than 10 years.
Growing Dividend: MICH's dividend payments have increased, but the company has only paid a dividend for 8 years.
Dividend Yield vs Market
| Misr Chemical Industries Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MICH) | 11.4% |
| Market Bottom 25% (EG) | 2.1% |
| Market Top 25% (EG) | 7.4% |
| Industry Average (Chemicals) | 8.4% |
| Analyst forecast (MICH) (up to 3 years) | n/a |
Notable Dividend: MICH's dividend (11.37%) is higher than the bottom 25% of dividend payers in the EG market (2.02%).
High Dividend: MICH's dividend (11.37%) is in the top 25% of dividend payers in the EG market (7.35%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (71.1%), MICH's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (207.1%), MICH's dividend payments are not well covered by cash flows.