Greencoat Renewables Dividends and Buybacks
Dividend criteria checks 3/6
Greencoat Renewables is a dividend paying company with a current yield of 8.19%. Next payment date is on 29th November, 2024 with an ex-dividend date of 7th November, 2024.
Key information
8.2%
Dividend yield
1.1%
Buyback Yield
| Total Shareholder Yield | 9.3% |
| Future Dividend Yield | 8.6% |
| Dividend Growth | 5.7% |
| Next dividend pay date | 29 Nov 24 |
| Ex dividend date | 07 Nov 24 |
| Dividend per share | €0.0674 |
| Payout ratio | 128% |
Recent dividend and buyback 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 7 years.
Dividend Yield vs Market
| Greencoat Renewables Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GRP) | 8.2% |
| Market Bottom 25% (GB) | 2.1% |
| Market Top 25% (GB) | 5.8% |
| Industry Average (Renewable Energy) | 4.0% |
| Analyst forecast (GRP) (up to 3 years) | 8.6% |
Notable Dividend: GRP's dividend (8.19%) is higher than the bottom 25% of dividend payers in the UK market (2.11%).
High Dividend: GRP's dividend (8.19%) is in the top 25% of dividend payers in the UK market (5.77%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (127.6%), GRP's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (76.3%), GRP's dividend payments are covered by cash flows.