Transnational Corporation of Nigeria Dividend
Dividend criteria checks 2/6
Transnational of Nigeria is a dividend paying company with a current yield of 1.82% that is well covered by earnings. Next payment date is on 19th August, 2024 with an ex-dividend date of 8th August, 2024.
Key information
1.8%
Dividend yield
21%
Payout ratio
| Industry average yield | 2.6% |
| Next dividend pay date | 19 Aug 24 |
| Ex dividend date | 08 Aug 24 |
| Dividend per share | ₦0.200 |
| Earnings per share | ₦0.95 |
| Dividend yield forecast in 3Y | 1.8% |
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TRANSCORP has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: TRANSCORP's dividend payments have increased, but the company has only paid a dividend for 9 years.
Dividend Yield vs Market
| Transnational Corporation of Nigeria Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (TRANSCORP) | 1.8% |
| Market Bottom 25% (NG) | 2.0% |
| Market Top 25% (NG) | 7.1% |
| Industry Average (Renewable Energy) | 2.6% |
| Analyst forecast in 3 Years (TRANSCORP) | 1.8% |
Notable Dividend: TRANSCORP's dividend (1.82%) isn’t notable compared to the bottom 25% of dividend payers in the NG market (1.95%).
High Dividend: TRANSCORP's dividend (1.82%) is low compared to the top 25% of dividend payers in the NG market (7.11%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (21.1%), TRANSCORP's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (26.2%), TRANSCORP's dividend payments are well covered by cash flows.