M&G Credit Income Investment Trust Dividends and Buybacks
Dividend criteria checks 3/6
M&G Credit Income Investment Trust is a dividend paying company with a current yield of 8.27% that is well covered by earnings. Next payment date is on 22nd November, 2024 with an ex-dividend date of 31st October, 2024.
Key information
8.3%
Dividend yield
0.06%
Buyback Yield
| Total Shareholder Yield | 8.3% |
| Future Dividend Yield | n/a |
| Dividend Growth | 24.0% |
| Next dividend pay date | 22 Nov 24 |
| Ex dividend date | 31 Oct 24 |
| Dividend per share | UK£0.0796 |
| Payout ratio | 82% |
Recent dividend and buyback updates
Recent updates
M&G Credit Income Investment Trust (LON:MGCI) Will Pay A Larger Dividend Than Last Year At £0.0193
Jul 29
M&G Credit Income Investment Trust (LON:MGCI) Has Announced That It Will Be Increasing Its Dividend To £0.0177
Apr 29M&G Credit Income Investment Trust's (LON:MGCI) Dividend Will Be Increased To £0.0243
Jan 27Does M&G Credit Income Investment Trust plc (LON:MGCI) Have A Place In Your Dividend Portfolio?
Feb 14
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MGCI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MGCI's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| M&G Credit Income Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MGCI) | 8.3% |
| Market Bottom 25% (GB) | 2.1% |
| Market Top 25% (GB) | 5.8% |
| Industry Average (Capital Markets) | 2.9% |
| Analyst forecast (MGCI) (up to 3 years) | n/a |
Notable Dividend: MGCI's dividend (8.27%) is higher than the bottom 25% of dividend payers in the UK market (2.1%).
High Dividend: MGCI's dividend (8.27%) is in the top 25% of dividend payers in the UK market (5.84%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (82.5%), MGCI's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (97.8%), MGCI's dividend payments are not well covered by cash flows.