May & Baker Nigeria Dividend
What is May & Baker Nigeria current dividend yield, its reliability and sustainability?
Dividend Score
2/6Dividend Score 2/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
6.74%
Current Dividend Yield
Dividend Yield vs Market
| May & Baker Nigeria Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MAYBAKER) | 6.7% |
| Market Bottom 25% (NG) | 4.0% |
| Market Top 25% (NG) | 8.3% |
| Industry Average (Pharmaceuticals) | 2.6% |
| Analyst forecast in 3 Years (MAYBAKER) | n/a |
Notable Dividend: MAYBAKER's dividend (6.74%) is higher than the bottom 25% of dividend payers in the NG market (3.98%).
High Dividend: MAYBAKER's dividend (6.74%) is low compared to the top 25% of dividend payers in the NG market (8.27%).
Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 1/20/2023 | 0.3 | 6.74 |
| 5/10/2022 | 0.3 | 7.56 |
| 4/1/2021 | 0.3 | 6.79 |
| 5/12/2020 | 0.25 | 7.54 |
| 2/14/2020 | 0.25 | 11.42 |
| 4/1/2019 | 0.2 | 9.28 |
| 4/4/2018 | 0.2 | 8.22 |
Stable Dividend: Whilst dividend payments have been stable, MAYBAKER has been paying a dividend for less than 10 years.
Growing Dividend: MAYBAKER's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32.4%), MAYBAKER's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: MAYBAKER is paying a dividend but the company has no free cash flows.