Master Drilling Group Dividend
Dividend criteria checks 2/6
Master Drilling Group is a dividend paying company with a current yield of 4.23% that is well covered by earnings. Next payment date is on 20th May, 2024 with an ex-dividend date of 15th May, 2024.
Key information
4.2%
Dividend yield
21%
Payout ratio
| Industry average yield | 4.1% |
| Next dividend pay date | 20 May 24 |
| Ex dividend date | 15 May 24 |
| Dividend per share | n/a |
| Earnings per share | R0.14 |
| Dividend yield forecast in 3Y | n/a |
Recent dividend updates
Recent updates
Master Drilling Group (JSE:MDI) Is Paying Out A Larger Dividend Than Last Year
Apr 26
Here's Why We Think Master Drilling Group (JSE:MDI) Might Deserve Your Attention Today
Nov 30Master Drilling Group (JSE:MDI) May Have Issues Allocating Its Capital
Feb 21Master Drilling Group (JSE:MDI) Takes On Some Risk With Its Use Of Debt
Sep 07Master Drilling Group (JSE:MDI) Might Be Having Difficulty Using Its Capital Effectively
Aug 12The Trends At Master Drilling Group (JSE:MDI) That You Should Know About
Feb 22Master Drilling Group (JSE:MDI) Share Prices Have Dropped 48% In The Last Three Years
Jan 12
Have Insiders Been Selling Master Drilling Group Limited (JSE:MDI) Shares?
Dec 14The Trends At Master Drilling Group (JSE:MDI) That You Should Know About
Nov 24Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MDI has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: MDI's dividend payments have increased, but the company has only paid a dividend for 7 years.
Dividend Yield vs Market
| Master Drilling Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MDI) | 4.2% |
| Market Bottom 25% (ZA) | 4.0% |
| Market Top 25% (ZA) | 9.1% |
| Industry Average (Metals and Mining) | 4.1% |
| Analyst forecast in 3 Years (MDI) | n/a |
Notable Dividend: MDI's dividend (4.23%) is higher than the bottom 25% of dividend payers in the ZA market (3.96%).
High Dividend: MDI's dividend (4.23%) is low compared to the top 25% of dividend payers in the ZA market (9.15%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (21.1%), MDI's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (285%), MDI's dividend payments are not well covered by cash flows.