Industrial and Medical Gases Nigeria Dividends and Buybacks
Dividend criteria checks 2/6
Industrial and Medical Gases Nigeria is a dividend paying company with a current yield of 1.32% that is well covered by earnings.
Key information
1.3%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | -2.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₦0.500 |
| Payout ratio | 13% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: IMG's dividend payments have been volatile in the past 10 years.
Growing Dividend: IMG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Industrial and Medical Gases Nigeria Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (IMG) | 1.3% |
| Market Bottom 25% (NG) | 1.6% |
| Market Top 25% (NG) | 6.3% |
| Industry Average (Chemicals) | 7.7% |
| Analyst forecast (IMG) (up to 3 years) | n/a |
Notable Dividend: IMG's dividend (1.32%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (1.63%).
High Dividend: IMG's dividend (1.32%) 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 (13.5%), IMG's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: IMG is paying a dividend but the company has no free cash flows.