Corning Natural Gas Holding Corporation

OTCPK:CNIG.P Stock Report

Mkt Cap: US$75.9m

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Corning Natural Gas Holding Dividend

What is Corning Natural Gas Holding current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

2.48%

Current Dividend Yield

Dividend Yield vs Market

Corning Natural Gas Holding Dividend Yield vs Market
How does CNIG.P dividend yield compare to the market?
SegmentDividend Yield
Company (CNIG.P)2.5%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Gas Utilities)3.3%
Analyst forecast in 3 Years (CNIG.P)n/a

Notable Dividend: CNIG.P's dividend (2.48%) is higher than the bottom 25% of dividend payers in the US market (1.61%).

High Dividend: CNIG.P's dividend (2.48%) is low compared to the top 25% of dividend payers in the US market (4.27%).

Stability and Growth of Payments

How stable has Corning Natural Gas Holding's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
7/6/20220.612.48
6/21/20220.612.47
3/24/20220.612.52
12/23/20210.612.51
9/22/20210.612.52
6/1/20210.612.55
5/12/20210.612.57
12/21/20200.612.81
8/14/20200.613.87
2/6/20200.613.58
12/23/20190.582.87
2/9/20170.532.94
12/30/20160.53.03
8/16/20160.53.19
2/10/20160.53.57
1/4/20160.483.57
5/18/20150.483.33
2/17/20150.482.85
12/23/20140.452.69
8/13/20140.452.51
5/20/20140.452.76
2/20/20140.422.76
12/30/20130.422.84
10/4/20130.422.78
9/27/20130.422.88
9/25/20130.422.93
8/21/20130.423
5/14/20130.42.89
2/20/20130.43.08
12/31/20120.43.11
8/9/20120.43.03
2/24/20120.42.87
2/14/20120.382.64
1/4/20120.382.63
8/16/20110.382.68

Stable Dividend: CNIG.P's dividends per share have been stable in the past 10 years.

Growing Dividend: CNIG.P's dividend payments have increased over the past 10 years.

Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (110.6%), CNIG.P's dividend payments are not well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: CNIG.P is paying a dividend but the company has no free cash flows.

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