Insurance Australia Group (ASX:IAG) Will Pay A Larger Dividend Than Last Year At A$0.17 [Yahoo! Finance]
INSURANCE AUSRLA UNSP/ADR (IAUGY)
NASDAQ:AMEX Investor Relations:
iag.com.au/shareholder-centre
Company Research
Source: Yahoo! Finance
This will take the dividend yield to an attractive 4.6%, providing a nice boost to shareholder returns. See our latest analysis for Insurance Australia Group Insurance Australia Group's Earnings Easily Cover The Distributions If the payments aren't sustainable, a high yield for a few years won't matter that much. Prior to this announcement, Insurance Australia Group's dividend made up quite a large proportion of earnings but only 45% of free cash flows. In general, cash flows are more important than earnings, so we are comfortable that the dividend will be sustainable going forward, especially with so much cash left over for reinvestment. Over the next year, EPS is forecast to expand by 21.2%. If the dividend continues on this path, the payout ratio could be 53% by next year, which we think can be pretty sustainable going forward. Dividend Volatility The company's dividend history has been marked by instability, with at least one cut in the last 10 years. The annual paymen
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