Modern Mills Dividends and Buybacks
Dividend criteria checks 3/6
Modern Mills is a dividend paying company with a current yield of 2.46% that is well covered by earnings.
Key information
2.5%
Dividend yield
1.0%
Buyback Yield
| Total Shareholder Yield | 3.5% |
| Future Dividend Yield | 5.1% |
| Dividend Growth | n/a |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | ر.س1.000 |
| Payout ratio | 78% |
Recent dividend and buyback updates
No updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether 2284's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if 2284's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Modern Mills Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (2284) | 2.5% |
| Market Bottom 25% (SA) | 1.8% |
| Market Top 25% (SA) | 4.7% |
| Industry Average (Food) | 2.4% |
| Analyst forecast (2284) (up to 3 years) | 5.1% |
Notable Dividend: 2284's dividend (2.46%) is higher than the bottom 25% of dividend payers in the SA market (1.89%).
High Dividend: 2284's dividend (2.46%) is low compared to the top 25% of dividend payers in the SA market (4.72%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (77.9%), 2284's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (50.1%), 2284's dividend payments are covered by cash flows.