Greencoat Renewables Dividend
Dividend criteria checks 3/6
Greencoat Renewables is a dividend paying company with a current yield of 7.51%. Next payment date is on 24th May, 2024 with an ex-dividend date of 2nd May, 2024.
Key information
7.5%
Dividend yield
105%
Payout ratio
| Industry average yield | 3.5% |
| Next dividend pay date | 24 May 24 |
| Ex dividend date | 02 May 24 |
| Dividend per share | n/a |
| Earnings per share | €0.061 |
| Dividend yield forecast in 3Y | 8.7% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, GRP has been paying a dividend for less than 10 years.
Growing Dividend: GRP's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Greencoat Renewables Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GRP) | 7.5% |
| Market Bottom 25% (GB) | 2.2% |
| Market Top 25% (GB) | 5.9% |
| Industry Average (Renewable Energy) | 3.5% |
| Analyst forecast in 3 Years (GRP) | 8.7% |
Notable Dividend: GRP's dividend (7.51%) is higher than the bottom 25% of dividend payers in the UK market (2.15%).
High Dividend: GRP's dividend (7.51%) is in the top 25% of dividend payers in the UK market (5.75%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (105.4%), GRP's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (57.5%), GRP's dividend payments are covered by cash flows.