LASACO Assurance Dividend
Dividend criteria checks 2/6
LASACO Assurance is a dividend paying company with a current yield of 6.52% that is well covered by earnings.
Key information
6.5%
Dividend yield
15%
Payout ratio
Industry average yield | 6.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | ₦0.150 |
Earnings per share | ₦0.78 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: LASACO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: LASACO's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
LASACO Assurance Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (LASACO) | 6.5% |
Market Bottom 25% (NG) | 1.9% |
Market Top 25% (NG) | 7.0% |
Industry Average (Insurance) | 6.9% |
Analyst forecast in 3 Years (LASACO) | n/a |
Notable Dividend: LASACO's dividend (6.52%) is higher than the bottom 25% of dividend payers in the NG market (1.85%).
High Dividend: LASACO's dividend (6.52%) is low compared to the top 25% of dividend payers in the NG market (7.03%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (15.2%), LASACO's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (99.7%), LASACO's dividend payments are not well covered by cash flows.