City of London Investment Trust Dividend
Dividend criteria checks 4/6
City of London Investment Trust is a dividend paying company with a current yield of 5.04% that is well covered by earnings.
Key information
5.0%
Dividend yield
79%
Payout ratio
Industry average yield | 3.9% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | NZ$0.25 |
Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: TCL's dividends per share have been stable in the past 10 years.
Growing Dividend: TCL's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
City of London Investment Trust Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (TCL) | 5.0% |
Market Bottom 25% (NZ) | 3.1% |
Market Top 25% (NZ) | 6.8% |
Industry Average (Capital Markets) | 3.9% |
Analyst forecast in 3 Years (TCL) | n/a |
Notable Dividend: TCL's dividend (5.04%) is higher than the bottom 25% of dividend payers in the NZ market (3.06%).
High Dividend: TCL's dividend (5.04%) is low compared to the top 25% of dividend payers in the NZ market (6.74%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (78.6%), TCL's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Insufficient data to calculate TCL's cash payout ratio to determine if its dividend payments are covered by cash flows.