May & Baker Nigeria Dividends and Buybacks
Dividend criteria checks 2/6
May & Baker Nigeria is a dividend paying company with a current yield of 3.75% that is well covered by earnings.
Key information
3.8%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | -11.2% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ₦0.300 |
| Payout ratio | 67% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
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 7 years.
Dividend Yield vs Market
| May & Baker Nigeria Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MAYBAKER) | 3.8% |
| Market Bottom 25% (NG) | 1.6% |
| Market Top 25% (NG) | 6.4% |
| Industry Average (Pharmaceuticals) | 2.5% |
| Analyst forecast (MAYBAKER) (up to 3 years) | n/a |
Notable Dividend: MAYBAKER's dividend (3.75%) is higher than the bottom 25% of dividend payers in the NG market (1.65%).
High Dividend: MAYBAKER's dividend (3.75%) is low compared to the top 25% of dividend payers in the NG market (6.43%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (67%), MAYBAKER's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (229.5%), MAYBAKER's dividend payments are not well covered by cash flows.