Canal Shipping Agencies Dividends and Buybacks
Dividend criteria checks 4/6
Canal Shipping Agencies is a dividend paying company with a current yield of 8.7% that is well covered by earnings. Next payment date is on 3rd December, 2024 with an ex-dividend date of 1st December, 2024.
Key information
8.7%
Dividend yield
1.2%
Buyback Yield
| Total Shareholder Yield | 9.9% |
| Future Dividend Yield | n/a |
| Dividend Growth | 21.0% |
| Next dividend pay date | 03 Dec 24 |
| Ex dividend date | 01 Dec 24 |
| Dividend per share | ج.م2.011 |
| Payout ratio | 83% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CSAG's dividend payments have been volatile in the past 10 years.
Growing Dividend: CSAG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Canal Shipping Agencies Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CSAG) | 8.7% |
| Market Bottom 25% (EG) | 2.0% |
| Market Top 25% (EG) | 7.4% |
| Industry Average (Infrastructure) | 2.9% |
| Analyst forecast (CSAG) (up to 3 years) | n/a |
Notable Dividend: CSAG's dividend (8.7%) is higher than the bottom 25% of dividend payers in the EG market (1.99%).
High Dividend: CSAG's dividend (8.7%) is in the top 25% of dividend payers in the EG market (7.3%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (83.1%), CSAG's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (1220.7%), CSAG's dividend payments are not well covered by cash flows.