Grong Sparebank Dividend
Dividend criteria checks 3/6
Grongrebank is a dividend paying company with a current yield of 7.04% that is well covered by earnings.
Key information
7.0%
Dividend yield
55%
Payout ratio
| Industry average yield | 7.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | kr18.04 |
| Dividend yield forecast in 3Y | 8.2% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, GRONG has been paying a dividend for less than 10 years.
Growing Dividend: GRONG's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Grong Sparebank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GRONG) | 7.0% |
| Market Bottom 25% (NO) | 3.3% |
| Market Top 25% (NO) | 7.7% |
| Industry Average (Banks) | 7.7% |
| Analyst forecast in 3 Years (GRONG) | 8.2% |
Notable Dividend: GRONG's dividend (7.04%) is higher than the bottom 25% of dividend payers in the Norwegian market (3.31%).
High Dividend: GRONG's dividend (7.04%) is low compared to the top 25% of dividend payers in the Norwegian market (7.75%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (55.4%), GRONG's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GRONG's dividends in 3 years are forecast to be covered by earnings (74.5% payout ratio).