Compagnie Générale des Établissements Michelin Société en commandite par actions
BMV:ML N Stock Report
Market Cap: Mex$469.7b
Compagnie Générale des Établissements Michelin Société en commandite par actions Dividend
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 3.79% 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
3.8%
Dividend yield
49%
Payout ratio
Industry average yield
2.2%
Next dividend pay date
24 May 24
Ex dividend date
22 May 24
Dividend per share
n/a
Earnings per share
Mex$2.77
Dividend yield forecast in 3Y
5.1%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
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
How does ML N dividend yield compare to the market?
Segment
Dividend Yield
Company (ML N)
3.8%
Market Bottom 25% (MX)
2.2%
Market Top 25% (MX)
6.6%
Industry Average (Auto Components)
2.2%
Analyst forecast in 3 Years (ML N)
5.1%
Notable Dividend: ML N's dividend (3.79%) is higher than the bottom 25% of dividend payers in the MX market (2.23%).
High Dividend: ML N's dividend (3.79%) is low compared to the top 25% of dividend payers in the MX market (6.55%).
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.