Flour Mills of Nigeria Dividend
Dividend criteria checks 4/6
Flour Mills of Nigeria is a dividend paying company with a current yield of 7.38% that is well covered by earnings.
Key information
7.4%
Dividend yield
49%
Payout ratio
Industry average yield | 1.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₦4.60 |
Dividend yield forecast in 3Y | 15.8% |
Recent dividend 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 increased over the past 10 years.
Dividend Yield vs Market
Flour Mills of Nigeria Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (FLOURMILL) | 7.4% |
Market Bottom 25% (NG) | 2.3% |
Market Top 25% (NG) | 7.2% |
Industry Average (Food) | 1.9% |
Analyst forecast in 3 Years (FLOURMILL) | 15.8% |
Notable Dividend: FLOURMILL's dividend (7.38%) is higher than the bottom 25% of dividend payers in the NG market (2.34%).
High Dividend: FLOURMILL's dividend (7.38%) is in the top 25% of dividend payers in the NG market (7.22%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.9%), FLOURMILL's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: FLOURMILL is paying a dividend but the company has no free cash flows.