Cemig ON Dividend yield

 Price  19.69
 Dividend  1.29
 Earnings  2.29
 Cash-flow  2.98
 Book value  8.95
 Equity  8.51

Cemig ON is part of Electricity business, which is part of Utilities industry. Cemig ON is a company from Brazil, and his stocks are publicly traded.

Cemig ON stock dividend

Cemig ON paid a total dividend of 949 million BRL last year, for a market value of 14,492 millions (Market Cap 6,416 millions). Cemig ON dividend per share is 1.29 BRL, and his stock market price 19.69 BRL.

According to the chart below, where dividend yield is displayed, Cemig ON has a dividend yield of 6.55%, which is higher than the amount offered by both the market average and companies from Brazil. It is also bigger than average of Utilities industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Cemig ON stocks dividend with other Electricity companies or other of the best Brazil dividend stocks list.

Dividend yield of Cemig ON

Cemig ON Dividend Payout

About the ability of Cemig ON to maintain his current dividend of BRL 1.29 per share, an amount that accounts for 6.55%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Cemig ON payout on ernings is currently 56.33%, which is higher than the market average, but lower than companies of Utilities industry, which are 39.34% and 60.08% respectively. Both figures show that Cemig ON should not have problems to continue paying his 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 Cemig ON is BRL 2.98 per share, which is higher than the dividend per share paid by the company of BRL 1.29, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Cemig ON, compared againt world market average, Brazil companies, Utilities industry and Electricity sector companies.

Cemig ON payout

Cemig ON Dividend History

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

Year Yield  BRL  Paypout  Shares* 

*In millions

Then you can see the evolution of Cemig ON dividend stock, and compare it with the average of Brazil stocks and that of the Electricity stocks.

Cemig ON stock dividend history

Cemig ON Stock performance

Finally, last moth Cemig ON showed a return of 6.80% compared to a worldwide -2.49% average, and a -2.79% of Utilities firms. Over the last year, the company obtained a 7.40% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Brazil and Electricity firms.

Cemig ON stock and market return