Prestige Assurance Dividends and Buybacks
Dividend criteria checks 2/6
Prestige Assurance is a dividend paying company with a current yield of 2.63% that is well covered by earnings.
Key information
2.6%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | -10.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₦0.020 |
| Payout ratio | 8% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PRESTIGE has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: PRESTIGE has only been paying a dividend for 6 years, and since then payments have fallen.
Dividend Yield vs Market
| Prestige Assurance Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PRESTIGE) | 2.6% |
| Market Bottom 25% (NG) | 1.6% |
| Market Top 25% (NG) | 6.4% |
| Industry Average (Insurance) | 5.4% |
| Analyst forecast (PRESTIGE) (up to 3 years) | n/a |
Notable Dividend: PRESTIGE's dividend (2.63%) is higher than the bottom 25% of dividend payers in the NG market (1.63%).
High Dividend: PRESTIGE's dividend (2.63%) is low compared to the top 25% of dividend payers in the NG market (6.43%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (8%), PRESTIGE's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (134.9%), PRESTIGE's dividend payments are not well covered by cash flows.