Meyer Dividends and Buybacks
Dividend criteria checks 2/6
Meyer is a dividend paying company with a current yield of 3.91% that is well covered by earnings.
Key information
3.9%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₦0.300 |
| Payout ratio | 43% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether MEYER's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if MEYER's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Meyer Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MEYER) | 3.9% |
| Market Bottom 25% (NG) | 1.7% |
| Market Top 25% (NG) | 6.3% |
| Industry Average (Chemicals) | 7.9% |
| Analyst forecast (MEYER) (up to 3 years) | n/a |
Notable Dividend: MEYER's dividend (3.91%) is higher than the bottom 25% of dividend payers in the NG market (1.62%).
High Dividend: MEYER's dividend (3.91%) is low compared to the top 25% of dividend payers in the NG market (6.29%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (42.6%), MEYER's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: MEYER is paying a dividend but the company has no free cash flows.