Companhia Energética de Minas Gerais - CEMIG Dividend
Dividend criteria checks 4/6
Companhia Energética de Minas Gerais - CEMIG is a dividend paying company with a current yield of 9.53% that is well covered by earnings.
Key information
9.5%
Dividend yield
52%
Payout ratio
| Industry average yield | 2.9% |
| Next dividend pay date | n/a |
| Ex dividend date | 30 Sep 24 |
| Dividend per share | US$0.220 |
| Earnings per share | US$2.08 |
| Dividend yield forecast | 7.2% |
Recent dividend updates
No updates
Recent updates
Cemig: A Solid Pick For Dividends In Brazil
Sep 04CEMIG Q1: Lukewarm Results And Few Updates Regarding Risks
May 24CEMIG: Remote Chance Of Federalization Opens Up A Great Buying Point
Mar 26Cemig: A DCF Evaluation With Limited Upside Pre-Privatization
Oct 10Cemig: Neutral Outlook Amidst Privatization Uncertainties
Jul 13Companhia Energética de Minas Gerais: Interesting Energy Play To Watch
Sep 12Companhia Energética de Minas Gerais revenue of R$8.21B
Aug 15Companhia Energetica: Strong Return On Capital Performer
Jul 28Companhia Energetica: Low Priced Stock Brings Opportunity
Jan 01Companhia Energética de Minas Gerais 2020 Q3 - Results - Earnings Call Presentation
Nov 17Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CIG's dividend payments have been volatile in the past 10 years.
Growing Dividend: CIG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Companhia Energética de Minas Gerais - CEMIG Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CIG) | 9.5% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Electric Utilities) | 2.9% |
| Analyst forecast (CIG) (up to 3 years) | 7.2% |
Notable Dividend: CIG's dividend (9.53%) is higher than the bottom 25% of dividend payers in the US market (1.44%).
High Dividend: CIG's dividend (9.53%) is in the top 25% of dividend payers in the US market (4.33%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (52.4%), CIG's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (209.6%), CIG's dividend payments are not well covered by cash flows.