Flour Mills of Nigeria Dividends and Buybacks
Dividend criteria checks 3/6
Flour Mills of Nigeria is a dividend paying company with a current yield of 2.26% that is well covered by earnings.
Key information
2.3%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 11.0% |
| Dividend Growth | -1.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₦1.800 |
| Payout ratio | 26% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FLOURMILL's dividend payments have been volatile in the past 10 years.
Growing Dividend: FLOURMILL's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Flour Mills of Nigeria Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (FLOURMILL) | 2.3% |
| Market Bottom 25% (NG) | 1.6% |
| Market Top 25% (NG) | 6.3% |
| Industry Average (Food) | 1.9% |
| Analyst forecast (FLOURMILL) (up to 3 years) | 11.0% |
Notable Dividend: FLOURMILL's dividend (2.26%) is higher than the bottom 25% of dividend payers in the NG market (1.6%).
High Dividend: FLOURMILL's dividend (2.26%) is low compared to the top 25% of dividend payers in the NG market (6.31%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (25.9%), FLOURMILL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (37.3%), FLOURMILL's dividend payments are well covered by cash flows.