2 Cheap Cars Group Dividends and Buybacks
Dividend criteria checks 3/6
2 Cheap Cars Group is a dividend paying company with a current yield of 8.16% that is well covered by earnings.
Key information
8.2%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | 11.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | NZ$0.0612 |
| Payout ratio | 67% |
Recent dividend and buyback updates
Recent updates
Additional Considerations Required While Assessing 2 Cheap Cars Group's (NZSE:2CC) Strong Earnings
Nov 22
Returns on Capital Paint A Bright Future For 2 Cheap Cars Group (NZSE:2CC)
Sep 05Returns On Capital At 2 Cheap Cars Group (NZSE:2CC) Paint A Concerning Picture
Aug 23Investors 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 3 years.
Dividend Yield vs Market
| 2 Cheap Cars Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2CC) | 8.2% |
| Market Bottom 25% (NZ) | 3.3% |
| Market Top 25% (NZ) | 6.2% |
| Industry Average (Specialty Retail) | 5.7% |
| Analyst forecast (2CC) (up to 3 years) | n/a |
Notable Dividend: 2CC's dividend (8.16%) is higher than the bottom 25% of dividend payers in the NZ market (3.27%).
High Dividend: 2CC's dividend (8.16%) is in the top 25% of dividend payers in the NZ market (6.23%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (66.7%), 2CC's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (219%), 2CC's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/22 19:10 |
| End of Day Share Price | 2025/02/21 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2024/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
2 Cheap Cars Group Limited is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.