Prima Marine is a dividend paying company with a current yield of 4.77% that is well covered by earnings. Next payment date is on 24th May, 2024 with an ex-dividend date of 7th May, 2024.
Key information
4.8%
Dividend yield
42%
Payout ratio
Industry average yield
6.2%
Next dividend pay date
24 May 24
Ex dividend date
07 May 24
Dividend per share
n/a
Earnings per share
฿0.90
Dividend yield forecast in 3Y
5.4%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, PRM has been paying a dividend for less than 10 years.
Growing Dividend: PRM's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
Prima Marine Dividend Yield vs Market
How does PRM dividend yield compare to the market?
Segment
Dividend Yield
Company (PRM)
4.8%
Market Bottom 25% (TH)
2.2%
Market Top 25% (TH)
6.0%
Industry Average (Oil and Gas)
6.2%
Analyst forecast in 3 Years (PRM)
5.4%
Notable Dividend: PRM's dividend (4.77%) is higher than the bottom 25% of dividend payers in the TH market (2.17%).
High Dividend: PRM's dividend (4.77%) is low compared to the top 25% of dividend payers in the TH market (5.99%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (42.3%), PRM's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (61.1%), PRM's dividend payments are covered by cash flows.