Italgas is a dividend paying company with a current yield of 6.77% that is well covered by earnings. Next payment date is on 22nd May, 2024 with an ex-dividend date of 20th May, 2024.
Key information
6.8%
Dividend yield
65%
Payout ratio
Industry average yield
6.6%
Next dividend pay date
22 May 24
Ex dividend date
20 May 24
Dividend per share
n/a
Earnings per share
€0.54
Dividend yield forecast in 3Y
8.3%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 0RK1 has been paying a dividend for less than 10 years.
Growing Dividend: 0RK1's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
Italgas Dividend Yield vs Market
How does 0RK1 dividend yield compare to the market?
Segment
Dividend Yield
Company (0RK1)
6.8%
Market Bottom 25% (GB)
2.2%
Market Top 25% (GB)
5.9%
Industry Average (Gas Utilities)
6.6%
Analyst forecast in 3 Years (0RK1)
8.3%
Notable Dividend: 0RK1's dividend (6.77%) is higher than the bottom 25% of dividend payers in the UK market (2.15%).
High Dividend: 0RK1's dividend (6.77%) is in the top 25% of dividend payers in the UK market (5.75%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (64.9%), 0RK1's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: 0RK1 is paying a dividend but the company has no free cash flows.