Wema Bank Dividend
Dividend criteria checks 3/6
Wema Bank is a dividend paying company with a current yield of 8% that is well covered by earnings.
Key information
8.0%
Dividend yield
16%
Payout ratio
Industry average yield | 8.6% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | ₦0.500 |
Earnings per share | ₦1.88 |
Dividend yield forecast in 3Y | n/a |
Recent dividend 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 5 years.
Dividend Yield vs Market
Wema Bank Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (WEMABANK) | 8.0% |
Market Bottom 25% (NG) | 1.9% |
Market Top 25% (NG) | 7.0% |
Industry Average (Banks) | 8.6% |
Analyst forecast in 3 Years (WEMABANK) | n/a |
Notable Dividend: WEMABANK's dividend (8%) is higher than the bottom 25% of dividend payers in the NG market (1.85%).
High Dividend: WEMABANK's dividend (8%) is in the top 25% of dividend payers in the NG market (7.03%)
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (16%), 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.