Sovereign Trust Insurance Plc

NGSE:SOVRENINS Stock Report

Market Cap: ₦11.4b

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 Yieldn/a
Dividend Growth52.7%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per share₦0.030
Payout ratio22%

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
How does SOVRENINS dividend yield compare to the market?
SegmentDividend 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.


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