Sovereign Trust Insurance Dividends and Buybacks
Dividend criteria checks 3/6
Sovereign Trust Insurance is a dividend paying company with a current yield of 3.75% that is well covered by earnings.
Key information
3.8%
Dividend yield
-12.6%
Buyback Yield
| Total Shareholder Yield | -8.8% |
| Future Dividend Yield | n/a |
| Dividend Growth | 52.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₦0.030 |
| Payout ratio | 22% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether SOVRENINS's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if SOVRENINS's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Sovereign Trust Insurance Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SOVRENINS) | 3.8% |
| Market Bottom 25% (NG) | 1.7% |
| Market Top 25% (NG) | 6.2% |
| Industry Average (Insurance) | 4.8% |
| Analyst forecast (SOVRENINS) (up to 3 years) | n/a |
Notable Dividend: SOVRENINS's dividend (3.75%) is higher than the bottom 25% of dividend payers in the NG market (1.66%).
High Dividend: SOVRENINS's dividend (3.75%) is low compared to the top 25% of dividend payers in the NG market (6.16%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (22%), SOVRENINS's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (11.5%), SOVRENINS's dividend payments are thoroughly covered by cash flows.