Netcare is a dividend paying company with a current yield of 6.14% that is well covered by earnings. Next payment date is on 13th May, 2024 with an ex-dividend date of 8th May, 2024.
Key information
6.1%
Dividend yield
69%
Payout ratio
Industry average yield
3.4%
Next dividend pay date
13 May 24
Ex dividend date
08 May 24
Dividend per share
n/a
Earnings per share
R0.96
Dividend yield forecast in 3Y
9.4%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NTCP's dividend payments have been volatile in the past 10 years.
Growing Dividend: NTCP's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Netcare Dividend Yield vs Market
How does NTCP dividend yield compare to the market?
Segment
Dividend Yield
Company (NTCP)
6.1%
Market Bottom 25% (ZA)
4.0%
Market Top 25% (ZA)
9.0%
Industry Average (Healthcare)
3.4%
Analyst forecast in 3 Years (NTCP)
9.4%
Notable Dividend: NTCP's dividend (6.14%) is higher than the bottom 25% of dividend payers in the ZA market (4.02%).
High Dividend: NTCP's dividend (6.14%) is low compared to the top 25% of dividend payers in the ZA market (9.02%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (68.8%), NTCP's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (77.4%), NTCP's dividend payments are covered by cash flows.