Nedbank Group Dividend
Dividend criteria checks 4/6
Nedbank Group is a dividend paying company with a current yield of 8.57% that is well covered by earnings.
Key information
8.6%
Dividend yield
58%
Payout ratio
Industry average yield | 5.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | R32.94 |
Dividend yield forecast in 3Y | 10.0% |
Recent dividend updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NED's dividend payments have been volatile in the past 10 years.
Growing Dividend: NED's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Nedbank Group Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (NED) | 8.6% |
Market Bottom 25% (ZA) | 3.8% |
Market Top 25% (ZA) | 8.9% |
Industry Average (Banks) | 5.7% |
Analyst forecast in 3 Years (NED) | 10.0% |
Notable Dividend: NED's dividend (8.57%) is higher than the bottom 25% of dividend payers in the ZA market (3.83%).
High Dividend: NED's dividend (8.57%) is low compared to the top 25% of dividend payers in the ZA market (8.94%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (58.4%), NED's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: NED's dividends in 3 years are forecast to be covered by earnings (56.8% payout ratio).