May & Baker Nigeria Dividend
Dividend criteria checks 2/6
May & Baker Nigeria is a dividend paying company with a current yield of 5% that is well covered by earnings. Next payment date is on 6th June, 2024 with an ex-dividend date of 22nd May, 2024.
Key information
5.0%
Dividend yield
67%
Payout ratio
| Industry average yield | 2.1% |
| Next dividend pay date | 06 Jun 24 |
| Ex dividend date | 22 May 24 |
| Dividend per share | n/a |
| Earnings per share | ₦0.63 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
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 6 years.
Dividend Yield vs Market
| May & Baker Nigeria Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MAYBAKER) | 5.0% |
| Market Bottom 25% (NG) | 2.3% |
| Market Top 25% (NG) | 7.2% |
| Industry Average (Pharmaceuticals) | 2.1% |
| Analyst forecast in 3 Years (MAYBAKER) | n/a |
Notable Dividend: MAYBAKER's dividend (5%) is higher than the bottom 25% of dividend payers in the NG market (2.28%).
High Dividend: MAYBAKER's dividend (5%) is low compared to the top 25% of dividend payers in the NG market (7.22%).
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: MAYBAKER is paying a dividend but the company has no free cash flows.