NEM Insurance Dividends and Buybacks
Dividend criteria checks 6/6
NEM Insurance is a dividend paying company with a current yield of 7.19% that is well covered by earnings.
Key information
7.2%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | 1.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₦0.600 |
| Payout ratio | 11% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NEM's dividends per share have been stable in the past 10 years.
Growing Dividend: NEM's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| NEM Insurance Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NEM) | 7.2% |
| Market Bottom 25% (NG) | 1.6% |
| Market Top 25% (NG) | 6.3% |
| Industry Average (Insurance) | 5.3% |
| Analyst forecast (NEM) (up to 3 years) | n/a |
Notable Dividend: NEM's dividend (7.19%) is higher than the bottom 25% of dividend payers in the NG market (1.6%).
High Dividend: NEM's dividend (7.19%) is in the top 25% of dividend payers in the NG market (6.31%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (11.2%), NEM's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.8%), NEM's dividend payments are well covered by cash flows.