Medibank PvtASX:MPL +2.67%77 Dividend Yield % is 3.78% as of Jun. 25, 2026, which is 2% below its 10-year median of 3.85. GuruFocus rates ASX:MPL with a GF Score™ of 77/100 and a GF Value™ of A$4.38 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 422 Insurance companies, Medibank Pvt ranks better than 57.58% on this metric.
As of today (2026-06-25), the Trailing Annual Dividend Yield of Medibank Pvt is 3.78%.
Good Sign:
Medibank Pvt Ltd stock Dividend Yield % is close to 1-year high.
The historical rank and industry rank for Medibank Pvt's Dividend Yield % or its related term are showing as below:
ASX:MPL'
s Dividend Yield % Range Over the Past 10 Years
Min: 3.11 Med: 3.85 Max: 5.28
Current: 3.78
During the past 11 years, the highest Dividend Yield of Medibank Pvt was 5.28%. The lowest was 3.11%. And the median was 3.85%.
ASX:MPL's Dividend Yield % is ranked better than 57.58% of 422
companies
in the Insurance industry
Industry Median: 3.315
vs ASX:MPL: 3.78
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Medibank Pvt Ltd is 1.07, which seems too high.
During the past 11 years, the highest Dividend Payout Ratio of Medibank Pvt was 1.14. The lowest was 0.68. And the median was 0.79.
During the past 12 months, Medibank Pvt's average Dividends Per Share Growth Rate was 8.40% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 9.80% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 6.30% per year.
During the past 11 years, the highest 3-Year average Dividends Per Share Growth Rate of Medibank Pvt was 9.80% per year. The lowest was -0.50% per year. And the median was 5.10% 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.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
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.
The historical data trend for Medibank Pvt's Dividend Yield % 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.
ASX:MPL vs FNF, AXS, FAF: Dividend Yield % Comparison
For the Insurance - Specialty subindustry, Medibank Pvt's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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.
Medibank Pvt Dividend Yield % vs Insurance Industry
For the Insurance industry and Financial Services sector, Medibank Pvt's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Medibank Pvt's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Medibank Pvt Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
AUD 0.083000
2026-02-26
2026-02-27
2026-03-18
Cash Dividend
semi-annually
AUD:AUD 1.000000
AUD 0.102000
2025-09-10
2025-09-11
2025-10-09
Cash Dividend
semi-annually
AUD:AUD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Medibank Pvt's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.185
/
4.99
=
3.71 %
Current Share Price is A$4.99. Medibank Pvt's Dividends per Share for the trailing twelve months (TTM) ended in Today is A$0.185.
Medibank Pvt's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.166
/
4.99
=
3.33 %
Current Share Price is A$4.99. Medibank Pvt's Dividends per Share for the forward twelve months is calculated as A$0.083 * 2 = A$0.166.
* 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.
Medibank Pvt (ASX:MPL) has a Dividend Yield % of 3.78% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Medibank Pvt and its competitors. This is near median its historical median of 3.85. Over the past decade, Medibank Pvt's Dividend Yield % has ranged from 3.11 to 5.28. According to the industry distribution chart, Medibank Pvt ranks #179 out of 422 companies in the Insurance industry, placing it in the top 42.4%.
Is Medibank Pvt's Dividend Yield % too high?
Medibank Pvt's current Dividend Yield % of 3.78% is near median its 10-year median of 3.85. Over the past 10 years, this metric has ranged from a low of 3.11 to a high of 5.28. The Insurance industry median Dividend Yield % is 3.32. Medibank Pvt's value of 3.78% is 14% above this industry median. Based on the distribution chart, Medibank Pvt ranks #179 out of 422 companies in the Insurance industry, which is above the industry midpoint. Overall, Medibank Pvt has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Medibank Pvt's Dividend Yield % compare to FNF and AXS?
According to the Insurance industry distribution chart, Medibank Pvt ranks #179 out of 422 companies for Dividend Yield %. This puts Medibank Pvt in the upper half of its industry. The industry median Dividend Yield % is 3.32. Medibank Pvt's value of 3.78% is 14% above this benchmark. Historically, Medibank Pvt's own Dividend Yield % has ranged from 3.11 to 5.28 over the past decade. While the company's 10-year median is 3.85 vs. the industry median of 3.32, Medibank Pvt 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 Yield % for an Insurance company?
The median Dividend Yield % among Insurance companies is 3.32, based on 422 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Medibank Pvt's current Dividend Yield % of 3.78% is 14% 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Medibank Pvt and its competitors. For the Insurance industry, the median Dividend Yield % is 3.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Medibank Pvt's current Dividend Yield % is 3.78%, which is near median its own 10-year median of 3.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Medibank Pvt stock overvalued right now?
Based on GuruFocus' analysis, Medibank Pvt (ASX:MPL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$4.38, compared to a current price of A$4.99 — trading 13.9% above its estimated fair value. The current Dividend Yield % is 3.78%, which is near median its 10-year median of 3.85 and 14% above the Insurance industry median of 3.32. Medibank Pvt's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Medibank Pvt (ASX:MPL), the current Dividend Yield % is 3.78% as of Jun. 25, 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 Medibank Pvt (ASX:MPL) Overvalued in 2026?
Based on GuruFocus' analysis, Medibank Pvt stock appears to be overvalued.
The current stock price of A$4.99 is trading 13.9% above its estimated GF Value™ of A$4.38.
GuruFocus considers Medibank Pvt to be Modestly Overvalued.
Key valuation signals for ASX:MPL:
Dividend Yield %: 3.78% (near median its 10-year median of 3.85)
GF Value™: A$4.38 vs. price of A$4.99 (13.9% above fair value)
Industry Position: 14% above the Insurance median (#179 of 422)
No single metric tells the full story. See the ASX:MPL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Previously owned by the Australian government, Medibank is the largest health insurer in Australia. Its two brands, Medibank Private and Ahm, cover around 5 million people. Medibank and Australia's fourth-largest health fund, NIB Holdings, are the only listed health insurers. In addition to private health insurance, the firm provides life, pet, and travel insurance, as well as health insurance for overseas students and temporary overseas workers. The Medibank Health division provides healthcare services to businesses, governments, and communities across Australia and New Zealand.
77GF Score
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