Compagnie Générale des Établissements Michelin Société en commandite par actions Dividends and Buybacks
Dividend criteria checks 4/6
Compagnie Générale des Établissements Michelin Société en commandite par actions is a dividend paying company with a current yield of 3.61% that is well covered by earnings. Next payment date is on 24th May, 2024 with an ex-dividend date of 22nd May, 2024.
Key information
3.6%
Dividend yield
0%
Buyback Yield
| Total Shareholder Yield | 3.6% |
| Future Dividend Yield | 4.9% |
| Dividend Growth | 1.9% |
| Next dividend pay date | 24 May 24 |
| Ex dividend date | 22 May 24 |
| Dividend per share | Mex$1.350 |
| Payout ratio | 49% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ML N's dividend payments have been volatile in the past 10 years.
Growing Dividend: ML N's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Compagnie Générale des Établissements Michelin Société en commandite par actions Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ML N) | 3.6% |
| Market Bottom 25% (MX) | 2.7% |
| Market Top 25% (MX) | 7.2% |
| Industry Average (Auto Components) | 2.4% |
| Analyst forecast (ML N) (up to 3 years) | 4.9% |
Notable Dividend: ML N's dividend (3.61%) is higher than the bottom 25% of dividend payers in the MX market (2.18%).
High Dividend: ML N's dividend (3.61%) is low compared to the top 25% of dividend payers in the MX market (6.41%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.7%), ML N's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (31.6%), ML N's dividend payments are well covered by cash flows.