Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Mutual Benefits Assurance Forward Dividend Yield % Related Terms
NSA:MBAS vs BRK.A, AIG, HIG: Forward Dividend Yield % Comparison
For the Insurance - Diversified subindustry, Mutual Benefits Assurance's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Mutual Benefits Assurance Forward Dividend Yield % vs Insurance Industry
For the Insurance industry and Financial Services sector, Mutual Benefits Assurance's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Mutual Benefits Assurance's Forward Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Mutual Benefits Assurance Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
NGN 0.020000
2025-07-25
2025-07-24
2025-08-07
Cash Dividend
annually
NGN:NGN 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a Forward Dividend Yield % of 1.04% mean?
Mutual Benefits Assurance (NSA:MBAS) has a Forward Dividend Yield % of 1.04% as of Jun. 24, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Mutual Benefits Assurance and its competitors. According to the industry distribution chart, Mutual Benefits Assurance ranks #380 out of 419 companies in the Insurance industry, placing it in the top 90.7%.
Is Mutual Benefits Assurance's Forward Dividend Yield % too high?
Mutual Benefits Assurance's current Forward Dividend Yield % is 1.04%. The Insurance industry median Forward Dividend Yield % is 3.38. Mutual Benefits Assurance's value of 1.04% is 69.2% below this industry median. Based on the distribution chart, Mutual Benefits Assurance ranks #380 out of 419 companies in the Insurance industry, which is in the bottom quartile relative to peers. Overall, Mutual Benefits Assurance has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Benefits Assurance's Forward Dividend Yield % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Mutual Benefits Assurance ranks #380 out of 419 companies for Forward Dividend Yield %. This places Mutual Benefits Assurance in the lower half of its industry. The industry median Forward Dividend Yield % is 3.38. Mutual Benefits Assurance's value of 1.04% is 69.2% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for an Insurance company?
The median Forward Dividend Yield % among Insurance companies is 3.38, based on 419 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mutual Benefits Assurance's current Forward Dividend Yield % of 1.04% is 69.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Mutual Benefits Assurance and its competitors. For the Insurance industry, the median Forward Dividend Yield % is 3.38 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mutual Benefits Assurance's current Forward Dividend Yield % is 1.04%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutual Benefits Assurance stock overvalued right now?
Based on GuruFocus' analysis, Mutual Benefits Assurance (NSA:MBAS) is currently considered Significantly Overvalued. The stock's GF Value™ is ₦2.25, compared to a current price of ₦3.84 — trading 70.7% above its estimated fair value. The current Forward Dividend Yield % is 1.04% and 69.2% below the Insurance industry median of 3.38. Mutual Benefits Assurance's overall GF Score™ is 59/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For Mutual Benefits Assurance (NSA:MBAS), the current Forward Dividend Yield % is 1.04% as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Mutual Benefits Assurance (NSA:MBAS) Overvalued in 2026?
Based on GuruFocus' analysis, Mutual Benefits Assurance stock appears to be overvalued.
The current stock price of ₦3.84 is trading 70.7% above its estimated GF Value™ of ₦2.25.
GuruFocus considers Mutual Benefits Assurance to be Significantly Overvalued.
Key valuation signals for NSA:MBAS:
Forward Dividend Yield %: 1.04%
GF Value™: ₦2.25 vs. price of ₦3.84 (70.7% above fair value)
Industry Position: 69.2% below the Insurance median (#380 of 419)
No single metric tells the full story. See the NSA:MBAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Mutual Benefits Assurance PLC is a financial and wealth protection company in Nigeria. The principal objective of the Company is to render qualitative life related insurance & risks management services. It is a premium provider of life insurance, annuity and investment products and services. It has four reportable operating segments; assurance business, real estate, microfinance bank, and oil and gas exploration and production. The majority of revenue comes from Assurance business which covers the protection of customers' assets (Particularly their properties, both for personal and commercial business) and indemnification of other parties that have suffered damage as a result of customers accident. It has presence in Nigeria, and Liberia.
59GF Score
Get the complete analysis for NSA:MBAS
Forward Dividend Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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