Wema Bank Dividend
Dividend criteria checks 2/6
Wema Bank is a dividend paying company with a current yield of 7.14% that is well covered by earnings. Next payment date is on 28th May, 2024 with an ex-dividend date of 10th May, 2024.
Key information
7.1%
Dividend yield
18%
Payout ratio
| Industry average yield | 8.5% |
| Next dividend pay date | 28 May 24 |
| Ex dividend date | 10 May 24 |
| Dividend per share | n/a |
| Earnings per share | ₦2.80 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, WEMABANK has been paying a dividend for less than 10 years.
Growing Dividend: WEMABANK's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| Wema Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (WEMABANK) | 7.1% |
| Market Bottom 25% (NG) | 2.3% |
| Market Top 25% (NG) | 7.2% |
| Industry Average (Banks) | 8.5% |
| Analyst forecast in 3 Years (WEMABANK) | n/a |
Notable Dividend: WEMABANK's dividend (7.14%) is higher than the bottom 25% of dividend payers in the NG market (2.28%).
High Dividend: WEMABANK's dividend (7.14%) is low compared to the top 25% of dividend payers in the NG market (7.22%).
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (17.9%), WEMABANK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.