Scotia Group Jamaica (XJAM:SGJ) Dividend Payout Ratio: 0.28 (As of Apr. 2026) — 39% Below Median

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XJAM:SGJ Scotia Group Jamaica Ltd XJAM:SGJ
81 GF Score
Price JMD57.08
GF Value JMD57.93
Valuation Fairly Valued
! 3 Warning Signs
View Full Analysis

What is Scotia Group Jamaica Dividend Payout Ratio?

Scotia Group Jamaica XJAM:SGJ -0.23% 81 Dividend Payout Ratio is 0.28 as of Apr. 2026, which is 39% below its 10-year median of 0.46. GuruFocus rates XJAM:SGJ with a GF Score™ of 81/100 and a GF Value™ of JMD57.93 (Fairly Valued). The stock has 3 warning signs investors should review. Among 1,168 Banks companies, Scotia Group Jamaica ranks better than 63.27% 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. Scotia Group Jamaica's Dividend Payout Ratio for the months ended in Apr. 2026 was 0.28.

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

XJAM:SGJ' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.46   Max: 0.57
Current: 0.27

During the past 13 years, the highest Dividend Payout Ratio of Scotia Group Jamaica was 0.57. The lowest was 0.25. And the median was 0.46.

XJAM:SGJ's Dividend Payout Ratio is ranked better than
63.27% of 1168 companies
in the Banks industry
Industry Median: 0.32 vs XJAM:SGJ: 0.27

As of today (2026-07-23), the Dividend Yield % of Scotia Group Jamaica is 3.15%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Scotia Group Jamaica was 5.37%. The lowest was 2.14%. And the median was 3.74%.

Scotia Group Jamaica's Dividends per Share for the months ended in Apr. 2026 was JMD0.90.

During the past 12 months, Scotia Group Jamaica's average Dividends Per Share Growth Rate was 2.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.70% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 0.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Scotia Group Jamaica was 17.00% per year. The lowest was -11.80% per year. And the median was 4.35% 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.

Scotia Group Jamaica (XJAM:SGJ) 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.

Scotia Group Jamaica Dividend Payout Ratio Related Terms

Scotia Group Jamaica Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Scotia Group Jamaica'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.

Scotia Group Jamaica Dividend Payout Ratio Chart

Scotia Group Jamaica Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.56 0.43 0.25 0.26 0.28

Scotia Group Jamaica Semi-Annual Data
Oct16 Apr17 Oct17 Apr18 Oct18 Apr19 Oct19 Apr20 Oct20 Apr21 Oct21 Apr22 Oct22 Apr23 Oct23 Apr24 Oct24 Apr25 Oct25 Apr26
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 0.29 0.23 0.30 0.26 0.28

XJAM:SGJ vs PNC, USB: Dividend Payout Ratio Comparison

For the Banks - Regional subindustry, Scotia Group Jamaica'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.

Scotia Group Jamaica Dividend Payout Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Scotia Group Jamaica's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Scotia Group Jamaica's Dividend Payout Ratio falls into.


XJAM:SGJ
81GF Score
Scotia Group Jamaica Ltd XJAM:SGJ
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Scotia Group Jamaica 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.

Scotia Group Jamaica's Dividend Payout Ratio for the fiscal year that ended in Oct. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Oct. 2025 )/ EPS without NRI (A: Oct. 2025 )
=1.8/ 6.383
=0.28

Scotia Group Jamaica's Dividend Payout Ratio for the quarter that ended in Apr. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Apr. 2026 )/ EPS without NRI (Q: Apr. 2026 )
=0.9/ 3.24
=0.28

* 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 0.28 mean?
Scotia Group Jamaica (XJAM:SGJ) has a Dividend Payout Ratio of 0.28 as of Apr. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Scotia Group Jamaica and its competitors. This is 39% below median its historical median of 0.46. Over the past decade, Scotia Group Jamaica's Dividend Payout Ratio has ranged from 0.25 to 0.57. According to the industry distribution chart, Scotia Group Jamaica ranks #429 out of 1168 companies in the Banks industry, placing it in the top 36.7%.
Is Scotia Group Jamaica's Dividend Payout Ratio too high?
Scotia Group Jamaica's current Dividend Payout Ratio of 0.28 is 39% below median its 10-year median of 0.46. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.57. The Banks industry median Dividend Payout Ratio is 0.32. Scotia Group Jamaica's value of 0.28 is 12.5% below this industry median. Based on the distribution chart, Scotia Group Jamaica ranks #429 out of 1168 companies in the Banks industry, which is above the industry midpoint. Overall, Scotia Group Jamaica has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Scotia Group Jamaica's Dividend Payout Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Scotia Group Jamaica ranks #429 out of 1168 companies for Dividend Payout Ratio. This puts Scotia Group Jamaica in the upper half of its industry. The industry median Dividend Payout Ratio is 0.32. Scotia Group Jamaica's value of 0.28 is 12.5% below this benchmark. Historically, Scotia Group Jamaica's own Dividend Payout Ratio has ranged from 0.25 to 0.57 over the past decade. While the company's 10-year median is 0.46 vs. the industry median of 0.32, Scotia Group Jamaica has consistently been below 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 Banks company?
The median Dividend Payout Ratio among Banks companies is 0.32, based on 1,168 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. Scotia Group Jamaica's current Dividend Payout Ratio of 0.28 is 12.5% 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 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 Scotia Group Jamaica and its competitors. For the Banks industry, the median Dividend Payout Ratio is 0.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scotia Group Jamaica's current Dividend Payout Ratio is 0.28, which is 39% below median its own 10-year median of 0.46. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scotia Group Jamaica stock overvalued right now?
Based on GuruFocus' analysis, Scotia Group Jamaica (XJAM:SGJ) is currently considered Fairly Valued. The stock's GF Value™ is JMD57.93, compared to a current price of JMD57.08 — trading 1.5% below its estimated fair value. The current Dividend Payout Ratio is 0.28, which is 39% below median its 10-year median of 0.46 and 12.5% below the Banks industry median of 0.32. Scotia Group Jamaica's overall GF Score™ is 81/100 with 3 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 Scotia Group Jamaica (XJAM:SGJ), the current Dividend Payout Ratio is 0.28 as of Apr. 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 Scotia Group Jamaica (XJAM:SGJ) Overvalued in 2026?

Based on GuruFocus' analysis, Scotia Group Jamaica stock appears to be undervalued. The current stock price of JMD57.08 is trading 1.5% below its estimated GF Value™ of JMD57.93. GuruFocus considers Scotia Group Jamaica to be Fairly Valued.

Key valuation signals for XJAM:SGJ:

  • Dividend Payout Ratio: 0.28 (39% below median its 10-year median of 0.46)
  • GF Value™: JMD57.93 vs. price of JMD57.08 (1.5% below fair value)
  • GF Score™: 81/100 with 3 warning signs
  • Industry Position: 12.5% below the Banks median (#429 of 1168)

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

Scotia Group Jamaica Business Description

Address Port Royal Streets, P.O. Box 709, Corner Duke, Scotiabank Centre, Kingston, JAM
Scotia Group Jamaica Ltd is a Jamaican financial holding company. It provides a range of financial services through its subsidiaries to personal, commercial, corporate, and government clients across Jamaica. The company has six business segments: Retail, Corporate and Commercial, Treasury, Investment Management Services, Insurance Services, and Others. It generates maximum revenue from the Retail banking segment. The retail banking segment includes personal banking services, personal deposit accounts, credit and debit cards, consumer loans, mortgages, and microfinance.
81GF Score

Get the complete analysis for XJAM:SGJ

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

JMD57.08
Price
JMD57.93
GF Value