2 Cheap Cars Group Dividend
Dividend criteria checks 4/6
2 Cheap Cars Group is a dividend paying company with a current yield of 10.67% that is well covered by earnings.
Key information
10.7%
Dividend yield
43%
Payout ratio
| Industry average yield | 6.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | NZ$0.085 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Returns On Capital At 2 Cheap Cars Group (NZSE:2CC) Paint A Concerning Picture
Aug 23
Investors Could Be Concerned With NZ Automotive Investments' (NZSE:NZA) Returns On Capital
Apr 12Here's What's Concerning About NZ Automotive Investments' (NZSE:NZA) Returns On Capital
Jul 19NZ Automotive Investments (NZSE:NZA) Has Announced That Its Dividend Will Be Reduced To NZ$0.0063
Jun 01NZ Automotive Investments' (NZSE:NZA) Shareholders Have More To Worry About Than Only Soft Earnings
Dec 09Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 2CC has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 2CC's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
| 2 Cheap Cars Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2CC) | 10.7% |
| Market Bottom 25% (NZ) | 3.1% |
| Market Top 25% (NZ) | 7.0% |
| Industry Average (Specialty Retail) | 6.6% |
| Analyst forecast in 3 Years (2CC) | n/a |
Notable Dividend: 2CC's dividend (10.67%) is higher than the bottom 25% of dividend payers in the NZ market (3.15%).
High Dividend: 2CC's dividend (10.67%) is in the top 25% of dividend payers in the NZ market (7%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (42.9%), 2CC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (25.5%), 2CC's dividend payments are well covered by cash flows.