Grupo Financiero Banorte. de Dividend
Dividend criteria checks 4/6
Grupo Financiero Banorte. de is a dividend paying company with a current yield of 3% that is well covered by earnings. Next payment date is on 28th June, 2024 with an ex-dividend date of 27th June, 2024.
Key information
3.0%
Dividend yield
28%
Payout ratio
| Industry average yield | 4.5% |
| Next dividend pay date | 28 Jun 24 |
| Ex dividend date | 27 Jun 24 |
| Dividend per share | n/a |
| Earnings per share | Mex$18.70 |
| Dividend yield forecast in 3Y | 7.3% |
Recent dividend updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GFNORTE O's dividend payments have been volatile in the past 10 years.
Growing Dividend: GFNORTE O's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Grupo Financiero Banorte. de Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GFNORTE O) | 3.0% |
| Market Bottom 25% (MX) | 2.2% |
| Market Top 25% (MX) | 6.6% |
| Industry Average (Banks) | 4.5% |
| Analyst forecast in 3 Years (GFNORTE O) | 7.3% |
Notable Dividend: GFNORTE O's dividend (3%) is higher than the bottom 25% of dividend payers in the MX market (2.2%).
High Dividend: GFNORTE O's dividend (3%) is low compared to the top 25% of dividend payers in the MX market (6.57%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.5%), GFNORTE O's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GFNORTE O's dividends in 3 years are forecast to be covered by earnings (55.5% payout ratio).