Acerinox Dividends and Buybacks
Dividend criteria checks 3/6
Acerinox is a dividend paying company with a current yield of 6.2% that is well covered by earnings. Next payment date is on 19th July, 2024 with an ex-dividend date of 17th July, 2024.
Key information
6.2%
Dividend yield
0.08%
Buyback Yield
| Total Shareholder Yield | 6.3% |
| Future Dividend Yield | 6.3% |
| Dividend Growth | 14.8% |
| Next dividend pay date | 19 Jul 24 |
| Ex dividend date | 17 Jul 24 |
| Dividend per share | Mex$0.620 |
| Payout ratio | 68% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, ACX N has been paying a dividend for less than 10 years.
Growing Dividend: ACX N's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Acerinox Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ACX N) | 6.2% |
| Market Bottom 25% (MX) | 2.6% |
| Market Top 25% (MX) | 7.0% |
| Industry Average (Metals and Mining) | 7.6% |
| Analyst forecast (ACX N) (up to 3 years) | 6.3% |
Notable Dividend: ACX N's dividend (6.2%) is higher than the bottom 25% of dividend payers in the MX market (2.1%).
High Dividend: ACX N's dividend (6.2%) is low compared to the top 25% of dividend payers in the MX market (6.69%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67.7%), ACX N's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (29.7%), ACX N's dividend payments are well covered by cash flows.