Wema Bank Dividends and Buybacks
Dividend criteria checks 2/6
Wema Bank is a dividend paying company with a current yield of 6.25% that is well covered by earnings.
Key information
6.3%
Dividend yield
-22.8%
Buyback Yield
| Total Shareholder Yield | -16.6% |
| Future Dividend Yield | n/a |
| Dividend Growth | 3.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₦0.500 |
| Payout ratio | 14% |
Recent dividend and buyback updates
Recent updates
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 6 years.
Dividend Yield vs Market
| Wema Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (WEMABANK) | 6.3% |
| Market Bottom 25% (NG) | 1.6% |
| Market Top 25% (NG) | 6.5% |
| Industry Average (Banks) | 8.2% |
| Analyst forecast (WEMABANK) (up to 3 years) | n/a |
Notable Dividend: WEMABANK's dividend (6.25%) is higher than the bottom 25% of dividend payers in the NG market (1.65%).
High Dividend: WEMABANK's dividend (6.25%) is low compared to the top 25% of dividend payers in the NG market (6.39%).
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (13.9%), WEMABANK's dividend payments are thoroughly 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.