Redcentric Dividend
What is Redcentric current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
2.63%
Current Dividend Yield
Dividend Yield vs Market
| Redcentric Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (RCN) | 2.6% |
| Market Bottom 25% (GB) | 1.9% |
| Market Top 25% (GB) | 5.5% |
| Industry Average (IT) | 3.1% |
| Analyst forecast in 3 Years (RCN) | 3.1% |
Notable Dividend: RCN's dividend (2.63%) is higher than the bottom 25% of dividend payers in the UK market (1.91%).
High Dividend: RCN's dividend (2.63%) is low compared to the top 25% of dividend payers in the UK market (5.47%).
Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 3/31/2024 | 0.048 | 1 |
| 3/31/2023 | 0.036 | 1 |
| 1/25/2023 | 0.036 | 2.63 |
| 12/8/2022 | 0.036 | 2.86 |
| 7/22/2022 | 0.036 | 3.2 |
| 11/19/2021 | 0.036 | 2.99 |
| 7/16/2021 | 0.048 | 3.64 |
| 11/12/2020 | 0.024 | 1.86 |
| 8/10/2020 | - | 0 |
| 7/21/2020 | - | 0 |
| 7/17/2019 | 0.02 | 2.07 |
| 11/22/2018 | 0.008 | 1.07 |
| 11/29/2017 | - | 0 |
| 8/4/2017 | - | 0 |
| 6/29/2017 | - | 0 |
| 12/23/2016 | - | 0 |
| 10/15/2016 | - | 0 |
| 6/23/2016 | 0.045 | 2.6 |
| 6/16/2016 | 0.045 | 2.47 |
| 6/15/2015 | 0.05 | 2.72 |
| 12/3/2014 | 0.02 | 1.36 |
| 6/19/2014 | 0.01 | 0.83 |
Stable Dividend: RCN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: RCN's dividend payments have increased, but the company has only paid a dividend for 9 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (74.2%), RCN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (192.5%), RCN's dividend payments are not well covered by cash flows.