NEM Insurance Dividend
Dividend criteria checks 4/6
NEM Insurance is a dividend paying company with a current yield of 2.9% that is well covered by earnings.
Key information
2.9%
Dividend yield
22%
Payout ratio
Industry average yield | 4.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | ₦3.69 |
Dividend yield forecast in 3Y | n/a |
Recent dividend 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) | 2.9% |
Market Bottom 25% (NG) | 2.1% |
Market Top 25% (NG) | 7.2% |
Industry Average (Insurance) | 4.7% |
Analyst forecast in 3 Years (NEM) | n/a |
Notable Dividend: NEM's dividend (2.9%) is higher than the bottom 25% of dividend payers in the NG market (2.11%).
High Dividend: NEM's dividend (2.9%) is low compared to the top 25% of dividend payers in the NG market (7.2%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (22.5%), NEM's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (319.7%), NEM's dividend payments are not well covered by cash flows.