MINTome Fund (TSX:MID.UN) Dividend Payout Ratio : 6.49 (As of Dec. 2023)

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What is MINTome Fund Dividend Payout Ratio?

MINTome Fund's dividend payout ratio for the months ended in Dec. 2023 was 6.49.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of MINT Income Fund is 3.50, which seems too high.

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

TSX:MID.UN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.27 Med: 0.67 Max: 3.5
Current: 3.5

During the past 13 years, the highest Dividend Payout Ratio of MINTome Fund was 3.50. The lowest was 0.27. And the median was 0.67.

TSX:MID.UN's Dividend Payout Ratio is ranked worse than
91.8% of 939 companies
in the Asset Management industry
Industry Median: 0.82 vs TSX:MID.UN: 3.50

As of today (2024-04-26), the Dividend Yield % of MINTome Fund is 7.01%.

During the past 13 years, the highest Trailing Annual Dividend Yield of MINTome Fund was 10.26%. The lowest was 2.67%. And the median was 7.22%.

MINTome Fund's Dividends per Share for the months ended in Dec. 2023 was C$0.24.

During the past 5 years, the average Dividends Per Share Growth Rate was 2.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 0.70% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of MINTome Fund was 17.00% per year. The lowest was -30.40% per year. And the median was -10.10% per year.

The growth rate is calculated with least square regression.

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

MINTome Fund Dividend Payout Ratio Historical Data

The historical data trend for MINTome Fund'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.

MINTome Fund Dividend Payout Ratio Chart

MINTome Fund Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.51

0.27

0.81

3.43

MINTome Fund Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.42	1.85	0.52	2.40	6.49

Competitive Comparison of MINTome Fund's Dividend Payout Ratio

For the Asset Management subindustry, MINTome Fund'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.

MINTome Fund's Dividend Payout Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, MINTome Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where MINTome Fund's Dividend Payout Ratio falls into.

MINTome Fund Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

MINTome Fund's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.48	/	0.14
	=	3.43

MINTome Fund's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.24	/	0.037
	=	6.49

MINTome Fund (TSX:MID.UN) Dividend Payout Ratio Explanation

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.

MINTome Fund Dividend Payout Ratio Related Terms

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

MINTome Fund (TSX:MID.UN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » MINT Income Fund (TSX:MID.UN) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

First Canadian Place, 58th Floor, P.O. Box 192, Toronto, ON, CAN, M5X 1A6

Website

https://www.middlefield.com

MINT Income Fund is a closed-end investment trust. The fund's investment objectives are to produce a high level of sustainable income and to minimize the risk of investing in high-income securities on a cost-effective basis. Primarily, it invests in a diversified portfolio of securities consisting of the equity of issuers operating in various industries and geographic regions. Additionally, the fund invests in various sectors, including real estate, financials, pipelines, industrials, healthcare, energy, consumer discretionary, preferred shares, corporate debt, consumer staples, technology, utilities, and metals and mining.

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