TNABY (Tenaga Nasional Bhd) Dividend Payout Ratio: 1.46 (As of Mar. 2026) — 115% Above Median


TNABY Tenaga Nasional Bhd TNABY
73 GF Score
Price $15.15
GF Value $14.85
Valuation Fairly Valued
! 7 Warning Signs
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What is Tenaga Nasional Bhd Dividend Payout Ratio?

Tenaga Nasional Bhd TNABY +4.00% 73 Dividend Payout Ratio is 1.46 as of Mar. 2026, which is 115% above its 10-year median of 0.68. GuruFocus rates TNABY with a GF Score™ of 73/100 and a GF Value™ of $14.85 (Fairly Valued). The stock has 7 warning signs investors should review. Among 373 Utilities - Regulated companies, Tenaga Nasional Bhd ranks worse than 69.97% on this metric.

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. Tenaga Nasional Bhd's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.46.

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

TNABY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.22   Med: 0.68   Max: 1.03
Current: 0.69

During the past 13 years, the highest Dividend Payout Ratio of Tenaga Nasional Bhd was 1.03. The lowest was 0.22. And the median was 0.68.

TNABY's Dividend Payout Ratio is ranked worse than
69.97% of 373 companies
in the Utilities - Regulated industry
Industry Median: 0.54 vs TNABY: 0.69

As of today (2026-07-03), the Dividend Yield % of Tenaga Nasional Bhd is 3.42%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Tenaga Nasional Bhd was 5.17%. The lowest was 1.35%. And the median was 3.88%.

Tenaga Nasional Bhd's Dividends per Share for the months ended in Mar. 2026 was $0.29.

During the past 12 months, Tenaga Nasional Bhd's average Dividends Per Share Growth Rate was 3.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Tenaga Nasional Bhd was 317.00% per year. The lowest was -67.10% per year. And the median was 8.30% 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.

Tenaga Nasional Bhd (OTCPK:TNABY) 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.

Tenaga Nasional Bhd Dividend Payout Ratio Related Terms

Tenaga Nasional Bhd Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Tenaga Nasional Bhd'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.

Tenaga Nasional Bhd Dividend Payout Ratio Chart

Tenaga Nasional Bhd Annual Data
Trend Aug16 Aug17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.65 1.02 0.91 0.69

Tenaga Nasional Bhd Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.41 0.00 1.65 0.00 1.46

TNABY vs NEE, SO, DUK: Dividend Payout Ratio Comparison

For the Utilities - Regulated Electric subindustry, Tenaga Nasional Bhd'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.

Tenaga Nasional Bhd Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Tenaga Nasional Bhd's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Tenaga Nasional Bhd's Dividend Payout Ratio falls into.


TNABY
73GF Score
Tenaga Nasional Bhd TNABY
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Tenaga Nasional Bhd Dividend Payout Ratio Calculation

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.

Tenaga Nasional Bhd's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0.499/ 0.72
=0.69

Tenaga Nasional Bhd's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.288/ 0.197
=1.46

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 1.46 mean?
Tenaga Nasional Bhd (TNABY) has a Dividend Payout Ratio of 1.46 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tenaga Nasional Bhd and its competitors. This is 115% above median its historical median of 0.68. Over the past decade, Tenaga Nasional Bhd's Dividend Payout Ratio has ranged from 0.22 to 1.03. According to the industry distribution chart, Tenaga Nasional Bhd ranks #261 out of 373 companies in the Utilities - Regulated industry, placing it in the top 70%.
Is Tenaga Nasional Bhd's Dividend Payout Ratio too high?
Tenaga Nasional Bhd's current Dividend Payout Ratio of 1.46 is 115% above median its 10-year median of 0.68. Over the past 10 years, this metric has ranged from a low of 0.22 to a high of 1.03. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. Tenaga Nasional Bhd's value of 1.46 is 170.4% above this industry median. Based on the distribution chart, Tenaga Nasional Bhd ranks #261 out of 373 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, Tenaga Nasional Bhd has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Tenaga Nasional Bhd's Dividend Payout Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, Tenaga Nasional Bhd ranks #261 out of 373 companies for Dividend Payout Ratio. This places Tenaga Nasional Bhd in the lower half of its industry. The industry median Dividend Payout Ratio is 0.54. Tenaga Nasional Bhd's value of 1.46 is 170.4% above this benchmark. Historically, Tenaga Nasional Bhd's own Dividend Payout Ratio has ranged from 0.22 to 1.03 over the past decade. While the company's 10-year median is 0.68 vs. the industry median of 0.54, Tenaga Nasional Bhd has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Utilities - Regulated company?
The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 373 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tenaga Nasional Bhd's current Dividend Payout Ratio of 1.46 is 170.4% above 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Tenaga Nasional Bhd and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tenaga Nasional Bhd's current Dividend Payout Ratio is 1.46, which is 115% above median its own 10-year median of 0.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tenaga Nasional Bhd stock overvalued right now?
Based on GuruFocus' analysis, Tenaga Nasional Bhd (TNABY) is currently considered Fairly Valued. The stock's GF Value™ is $14.85, compared to a current price of $15.15 — trading 2% above its estimated fair value. The current Dividend Payout Ratio is 1.46, which is 115% above median its 10-year median of 0.68 and 170.4% above the Utilities - Regulated industry median of 0.54. Tenaga Nasional Bhd's overall GF Score™ is 73/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Tenaga Nasional Bhd (TNABY), the current Dividend Payout Ratio is 1.46 as of Mar. 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 Tenaga Nasional Bhd (TNABY) Overvalued in 2026?

Based on GuruFocus' analysis, Tenaga Nasional Bhd stock appears to be overvalued. The current stock price of $15.15 is trading 2% above its estimated GF Value™ of $14.85. GuruFocus considers Tenaga Nasional Bhd to be Fairly Valued.

Key valuation signals for TNABY:

  • Dividend Payout Ratio: 1.46 (115% above median its 10-year median of 0.68)
  • GF Value™: $14.85 vs. price of $15.15 (2% above fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 170.4% above the Utilities - Regulated median (#261 of 373)

No single metric tells the full story. See the TNABY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Tenaga Nasional Bhd Business Description

Other Exchanges TNABF:USA5347:Malaysia
Address No. 3, Jalan Bukit Pantai, Tingkat 16, Tower A, TNB Platinum, Pejabat Setiausaha Syarikat, Bangsar, Kuala Lumpur, SGR, MYS, 59100
Tenaga Nasional Bhd is an electric utility company in Malaysia. The company is involved in the generation, transmission, distribution, and retail of electricity. TNB segments includes Power Generation, Grid, Distribution Network, and Retail. The company encompasses the company's portfolio of thermal and hydroelectric power plants located throughout Malaysia. Through its subsidiaries, TNB also engages in other energy-related operations, such as the manufacturing of transformers. The company generates maximum revenue through the sale of electricity in Malaysia. Its customers are mainly commercial operations, residential consumers, and large industrial entities.
73GF Score

Get the complete analysis for TNABY

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$15.15
Price
$14.85
GF Value