MTN Ghana (XGHA:MTNGH) Dividend Payout Ratio: 2.14 (As of Mar. 2026) — 320% Above Median

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XGHA:MTNGH MTN Ghana XGHA:MTNGH
100 GF Score
Price GHS7.00
GF Value GHS4.28
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is MTN Ghana Dividend Payout Ratio?

MTN Ghana XGHA:MTNGH -0.14% 100 Dividend Payout Ratio is 2.14 as of Mar. 2026, which is 320% above its 10-year median of 0.51. GuruFocus rates XGHA:MTNGH with a GF Score™ of 100/100 and a GF Value™ of GHS4.28 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 189 Telecommunication Services companies, MTN Ghana ranks worse than 67.72% 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. MTN Ghana's Dividend Payout Ratio for the months ended in Mar. 2026 was 2.14.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of MTN Ghana is 0.74, which seems too high.

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

XGHA:MTNGH' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.3   Med: 0.51   Max: 0.74
Current: 0.74

During the past 9 years, the highest Dividend Payout Ratio of MTN Ghana was 0.74. The lowest was 0.30. And the median was 0.51.

XGHA:MTNGH's Dividend Payout Ratio is ranked worse than
67.72% of 189 companies
in the Telecommunication Services industry
Industry Median: 0.56 vs XGHA:MTNGH: 0.74

As of today (2026-08-07), the Dividend Yield % of MTN Ghana is 7.29%.

During the past 9 years, the highest Trailing Annual Dividend Yield of MTN Ghana was 22.37%. The lowest was 2.53%. And the median was 7.86%.

MTN Ghana's Dividends per Share for the months ended in Mar. 2026 was GHS0.40.

During the past 12 months, MTN Ghana's average Dividends Per Share Growth Rate was 57.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 55.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 50.90% per year.

During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of MTN Ghana was 63.20% per year. The lowest was 19.30% per year. And the median was 55.60% 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.

MTN Ghana (XGHA:MTNGH) 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.

MTN Ghana Dividend Payout Ratio Related Terms

MTN Ghana Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for MTN Ghana'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.

MTN Ghana Dividend Payout Ratio Chart

MTN Ghana Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only 0.49 0.36 0.58 0.63 0.53

MTN Ghana 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 1.88 0.00 0.57 0.00 2.14

XGHA:MTNGH vs VZ, TMUS, T: Dividend Payout Ratio Comparison

For the Telecom Services subindustry, MTN Ghana'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.

MTN Ghana Dividend Payout Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, MTN Ghana's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where MTN Ghana's Dividend Payout Ratio falls into.


XGHA:MTNGH
100GF Score
MTN Ghana XGHA:MTNGH
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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MTN Ghana 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.

MTN Ghana'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 )
=0.32/ 0.599
=0.53

MTN Ghana'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 )
=0.4/ 0.187
=2.14

* 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 2.14 mean?
MTN Ghana (XGHA:MTNGH) has a Dividend Payout Ratio of 2.14 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on MTN Ghana and its competitors. This is 320% above median its historical median of 0.51. Over the past decade, MTN Ghana's Dividend Payout Ratio has ranged from 0.30 to 0.74. According to the industry distribution chart, MTN Ghana ranks #128 out of 189 companies in the Telecommunication Services industry, placing it in the top 67.7%.
Is MTN Ghana's Dividend Payout Ratio too high?
MTN Ghana's current Dividend Payout Ratio of 2.14 is 320% above median its 10-year median of 0.51. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 0.74. The Telecommunication Services industry median Dividend Payout Ratio is 0.56. MTN Ghana's value of 2.14 is 282.1% above this industry median. Based on the distribution chart, MTN Ghana ranks #128 out of 189 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, MTN Ghana has a GF Score™ of 100/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MTN Ghana's Dividend Payout Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, MTN Ghana ranks #128 out of 189 companies for Dividend Payout Ratio. This places MTN Ghana in the lower half of its industry. The industry median Dividend Payout Ratio is 0.56. MTN Ghana's value of 2.14 is 282.1% above this benchmark. Historically, MTN Ghana's own Dividend Payout Ratio has ranged from 0.30 to 0.74 over the past decade. While the company's 10-year median is 0.51 vs. the industry median of 0.56, MTN Ghana 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 a Telecommunication Services company?
The median Dividend Payout Ratio among Telecommunication Services companies is 0.56, based on 189 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. MTN Ghana's current Dividend Payout Ratio of 2.14 is 282.1% 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 MTN Ghana and its competitors. For the Telecommunication Services industry, the median Dividend Payout Ratio is 0.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Ghana's current Dividend Payout Ratio is 2.14, which is 320% above median its own 10-year median of 0.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MTN Ghana stock overvalued right now?
Based on GuruFocus' analysis, MTN Ghana (XGHA:MTNGH) is currently considered Significantly Overvalued. The stock's GF Value™ is GHS4.28, compared to a current price of GHS7.00 — trading 63.6% above its estimated fair value. The current Dividend Payout Ratio is 2.14, which is 320% above median its 10-year median of 0.51 and 282.1% above the Telecommunication Services industry median of 0.56. MTN Ghana's overall GF Score™ is 100/100 with 6 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 MTN Ghana (XGHA:MTNGH), the current Dividend Payout Ratio is 2.14 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 MTN Ghana (XGHA:MTNGH) Overvalued in 2026?

Based on GuruFocus' analysis, MTN Ghana stock appears to be overvalued. The current stock price of GHS7.00 is trading 63.6% above its estimated GF Value™ of GHS4.28. GuruFocus considers MTN Ghana to be Significantly Overvalued.

Key valuation signals for XGHA:MTNGH:

  • Dividend Payout Ratio: 2.14 (320% above median its 10-year median of 0.51)
  • GF Value™: GHS4.28 vs. price of GHS7.00 (63.6% above fair value)
  • GF Score™: 100/100 with 6 warning signs
  • Industry Position: 282.1% above the Telecommunication Services median (#128 of 189)

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

MTN Ghana Business Description

Address MTN House, Independence Avenue, West Ridge, Plot OER 6, Accra, GHA
MTN Ghana is a Ghana-based company that provides mobile financial services in the financial services industry. The principal activities are the provision of telecommunication services including voice, data, and enterprise solutions, mobile financial services, the development of strategic partnerships to provide developed services, and the provision of consultancy and support services in the mobile banking, payment services and fintech space. The company has four reportable segments, namely Network services, Interconnect and roaming, Digital and Fintech, and devices and accessories, out of which it derives maximum revenue from Network services.
100GF Score

Get the complete analysis for XGHA:MTNGH

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

GHS7.00
Price
GHS4.28
GF Value