IGO Dividend yield

IGO is part of Industrial Metals and Mining business, which is part of Basic Materials industry. IGO is a company from Australia, and his stocks are publicly traded.

IGO stock dividend

IGO paid a total dividend of 144 million AUD last year, for a market value of 10,537 millions (Market Cap 8,644 millions). IGO dividend per share is 0.19 AUD, and his stock market price 13.92 AUD.

According to the chart below, where dividend yield is displayed, IGO has a dividend yield of 1.36%, lower than the amount offered by both the market average and companies from Australia. It is also lower than average of Basic Materials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare IGO stocks dividend with other Industrial Metals and Mining companies or other of the best Australia dividend stocks list.

IGO Dividend Payout

About the ability of IGO to maintain his current dividend of AUD 0.19 per share, an amount that accounts for 1.36%, we should study its payout ratio both on earnings and on cash-flows (see chart below). IGO payout on ernings is currently 26.03%, which is lower than the market average and companies of Basic Materials industry, which are 39.34% and 38.07% respectively. Both figures lead us to believe that there is confidence that IGOcan maintain his current dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of IGO is AUD 1.88 per share, which is higher than the dividend per share paid by the company of AUD 0.19, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of IGO, compared againt world market average, Australia companies, Basic Materials industry and Industrial Metals and Mining sector companies.

IGO Dividend History

Below you will find a table with the historical evolution of IGO's dividend stock, both in percentage and in AUD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	AUD	Paypout	Shares*
Present	1.36%	0.19	26.03%	757
2022	0.74%	0.10	22.73%	757

*In millions

IGO Stock performance

Finally, last moth IGO showed a return of 0.90% compared to a worldwide -2.49% average, and a -3.66% of Basic Materials firms. Over the last year, the company obtained a 3.60% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Australia and Industrial Metals and Mining firms.