Fortum Oyj is a dividend paying company with a current yield of 9.35% that is well covered by earnings. Next payment date is on 9th October, 2024 with an ex-dividend date of 1st October, 2024.
Key information
9.4%
Dividend yield
68%
Payout ratio
Industry average yield
5.7%
Next dividend pay date
09 Oct 24
Ex dividend date
01 Oct 24
Dividend per share
n/a
Earnings per share
Mex$1.69
Dividend yield forecast in 3Y
6.2%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FORTUM N's dividend payments have been volatile in the past 10 years.
Growing Dividend: FORTUM N's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Fortum Oyj Dividend Yield vs Market
How does FORTUM N dividend yield compare to the market?
Segment
Dividend Yield
Company (FORTUM N)
9.4%
Market Bottom 25% (MX)
2.2%
Market Top 25% (MX)
6.6%
Industry Average (Electric Utilities)
5.7%
Analyst forecast in 3 Years (FORTUM N)
6.2%
Notable Dividend: FORTUM N's dividend (9.35%) is higher than the bottom 25% of dividend payers in the MX market (2.22%).
High Dividend: FORTUM N's dividend (9.35%) is in the top 25% of dividend payers in the MX market (6.4%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (68.2%), FORTUM N's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (83%), FORTUM N's dividend payments are covered by cash flows.