McMillan Shakespeare (ASX:MMS) Dividend Payout Ratio : 1.22 (As of Dec. 2024)

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What is McMillan Shakespeare Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. McMillan Shakespeare's Dividend Payout Ratio for the months ended in Dec. 2024 was 1.22.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of McMillan Shakespeare Ltd is 1.19, which seems too high.

The historical rank and industry rank for McMillan Shakespeare's Dividend Payout Ratio or its related term are showing as below:

ASX:MMS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.33 Med: 0.7 Max: 1.48
Current: 1.19

During the past 13 years, the highest Dividend Payout Ratio of McMillan Shakespeare was 1.48. The lowest was 0.33. And the median was 0.70.

ASX:MMS's Dividend Payout Ratio is ranked worse than
92.9% of 507 companies
in the Business Services industry
Industry Median: 0.39 vs ASX:MMS: 1.19

As of today (2025-04-02), the Dividend Yield % of McMillan Shakespeare is 10.18%.

During the past 13 years, the highest Trailing Annual Dividend Yield of McMillan Shakespeare was 11.69%. The lowest was 2.08%. And the median was 4.76%.

McMillan Shakespeare's Dividends per Share for the months ended in Dec. 2024 was A$0.78.

During the past 12 months, McMillan Shakespeare's average Dividends Per Share Growth Rate was 24.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 67.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 17.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of McMillan Shakespeare was 117.80% per year. The lowest was -23.70% per year. And the median was 18.60% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

McMillan Shakespeare Dividend Payout Ratio Historical Data

The historical data trend for McMillan Shakespeare's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

McMillan Shakespeare Dividend Payout Ratio Chart

McMillan Shakespeare Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Dividend Payout Ratio

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1.48

0.33

0.68

1.47

1.11

McMillan Shakespeare Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Dividend Payout Ratio	Get a 7-Day Free Trial															1.56	1.40	1.04	1.16	1.22

Competitive Comparison of McMillan Shakespeare's Dividend Payout Ratio

For the Staffing & Employment Services subindustry, McMillan Shakespeare's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

McMillan Shakespeare's Dividend Payout Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, McMillan Shakespeare's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where McMillan Shakespeare's Dividend Payout Ratio falls into.

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McMillan Shakespeare Dividend Payout Ratio Calculation

McMillan Shakespeare's Dividend Payout Ratio for the fiscal year that ended in Jun. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Jun. 2024 )	/	EPS without NRI (A: Jun. 2024 )
	=	1.42	/	1.283
	=	1.11

McMillan Shakespeare's Dividend Payout Ratio for the quarter that ended in Dec. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2024 )	/	EPS without NRI (Q: Dec. 2024 )
	=	0.78	/	0.638
	=	1.22

McMillan Shakespeare (ASX:MMS) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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.

McMillan Shakespeare Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of McMillan Shakespeare's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

McMillan Shakespeare Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » McMillan Shakespeare Ltd (ASX:MMS) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

NMN:Germany

Address

360 Elizabeth Street, Level 21, The Tower, Melbourne Central, Melbourne, VIC, AUS, 3000

Website

https://www.mmsg.com.au

McMillan Shakespeare is a provider of salary packaging, novated leasing, disability plan management and support co-ordination, and fleet management services. It actively works to cross-sell its products to clients, for example, selling its salary packaging services to its fleet management customers in Australia and New Zealand. McMillan dominates Australia's salary packaging market together with Smartgroup (also covered by Morningstar), and is also a large provider of novated leasing services by volumes—together with Smartgroup and SG Fleet. The group has three operating segments: group remuneration services, asset management services, and plan and support services. Most of the group's revenue is generated from the group remuneration services segment.