Nascon Allied Industries Dividend
Dividend criteria checks 4/6
Nascon Allied Industries is a dividend paying company with a current yield of 3.81% that is well covered by earnings.
Key information
3.8%
Dividend yield
39%
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 | ₦5.18 |
Dividend yield forecast in 3Y | 3.8% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NASCON's dividend payments have been volatile in the past 10 years.
Growing Dividend: NASCON's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Nascon Allied Industries Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (NASCON) | 3.8% |
Market Bottom 25% (NG) | 2.1% |
Market Top 25% (NG) | 7.1% |
Industry Average (Food) | 1.9% |
Analyst forecast in 3 Years (NASCON) | 3.8% |
Notable Dividend: NASCON's dividend (3.81%) is higher than the bottom 25% of dividend payers in the NG market (2.11%).
High Dividend: NASCON's dividend (3.81%) is low compared to the top 25% of dividend payers in the NG market (7.09%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.4%), NASCON's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (29.2%), NASCON's dividend payments are well covered by cash flows.