MTN GhanaXGHA:MTNGH -0.31%100 Dividend Yield % is 7.94% as of Jul. 06, 2026, which is 1% above its 10-year median of 7.89. GuruFocus rates XGHA:MTNGH with a GF Score™ of 100/100 and a GF Value™ of GHS4.21 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 229 Telecommunication Services companies, MTN Ghana ranks better than 91.7% on this metric.
As of today (2026-07-06), the Trailing Annual Dividend Yield of MTN Ghana is 7.94%.
The historical rank and industry rank for MTN Ghana's Dividend Yield % or its related term are showing as below:
XGHA:MTNGH'
s Dividend Yield % Range Over the Past 10 Years
Min: 2.53 Med: 7.89 Max: 22.37
Current: 7.94
During the past 9 years, the highest Dividend Yield of MTN Ghana was 22.37%. The lowest was 2.53%. And the median was 7.89%.
XGHA:MTNGH's Dividend Yield % is ranked better than 91.7% of 229
companies
in the Telecommunication Services industry
Industry Median: 4.08
vs XGHA:MTNGH: 7.94
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.
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.
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.
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 MTN Ghana'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.
XGHA:MTNGH vs TMUS, VZ, T: Dividend Yield % Comparison
For the Telecom Services subindustry, MTN Ghana'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.
MTN Ghana Dividend Yield % vs Telecommunication Services Industry
For the Telecommunication Services industry and Communication Services sector, MTN Ghana's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where MTN Ghana's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
MTN Ghana Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
GHS 0.030000
2026-06-03
2026-06-05
2026-06-18
Cash Dividend
quarterly
GHS:GHS 1.000000
GHS 0.400000
2026-03-24
2026-03-26
2026-04-10
Cash Dividend
semi-annually
GHS:GHS 1.000000
GHS 0.080000
2025-08-20
2025-08-22
2025-09-11
Cash Dividend
semi-annually
GHS:GHS 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.
MTN Ghana's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.51
/
6.40
=
7.97 %
Current Share Price is GHS6.40. MTN Ghana's Dividends per Share for the trailing twelve months (TTM) ended in Today is GHS0.51.
MTN Ghana's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.12
/
6.40
=
1.88 %
Current Share Price is GHS6.40. MTN Ghana's Dividends per Share for the forward twelve months is calculated as GHS0.03 * 4 = GHS0.12.
* 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 (XGHA:MTNGH) has a Dividend Yield % of 7.94% as of Jul. 06, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on MTN Ghana and its competitors. This is near median its historical median of 7.89. Over the past decade, MTN Ghana's Dividend Yield % has ranged from 2.53 to 22.37. According to the industry distribution chart, MTN Ghana ranks #19 out of 229 companies in the Telecommunication Services industry, placing it in the top 8.3%.
Is MTN Ghana's Dividend Yield % too high?
MTN Ghana's current Dividend Yield % of 7.94% is near median its 10-year median of 7.89. Over the past 10 years, this metric has ranged from a low of 2.53 to a high of 22.37. The Telecommunication Services industry median Dividend Yield % is 4.08. MTN Ghana's value of 7.94% is 94.6% above this industry median. Based on the distribution chart, MTN Ghana ranks #19 out of 229 companies in the Telecommunication Services industry, which is in the top quartile — a strong position relative to peers. 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 Yield % compare to TMUS and VZ?
According to the Telecommunication Services industry distribution chart, MTN Ghana ranks #19 out of 229 companies for Dividend Yield %. This places MTN Ghana in the top 8% of its industry — outperforming the majority of peers. The industry median Dividend Yield % is 4.08. MTN Ghana's value of 7.94% is 94.6% above this benchmark. Historically, MTN Ghana's own Dividend Yield % has ranged from 2.53 to 22.37 over the past decade. While the company's 10-year median is 7.89 vs. the industry median of 4.08, 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 Yield % for a Telecommunication Services company?
The median Dividend Yield % among Telecommunication Services companies is 4.08, based on 229 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. MTN Ghana's current Dividend Yield % of 7.94% is 94.6% 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 MTN Ghana and its competitors. For the Telecommunication Services industry, the median Dividend Yield % is 4.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. MTN Ghana's current Dividend Yield % is 7.94%, which is near median its own 10-year median of 7.89. 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 GHS4.21, compared to a current price of GHS6.40 — trading 52% above its estimated fair value. The current Dividend Yield % is 7.94%, which is near median its 10-year median of 7.89 and 94.6% above the Telecommunication Services industry median of 4.08. 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 Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For MTN Ghana (XGHA:MTNGH), the current Dividend Yield % is 7.94% as of Jul. 06, 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 GHS6.40 is trading 52% above its estimated GF Value™ of GHS4.21.
GuruFocus considers MTN Ghana to be Significantly Overvalued.
Key valuation signals for XGHA:MTNGH:
Dividend Yield %: 7.94% (near median its 10-year median of 7.89)
GF Value™: GHS4.21 vs. price of GHS6.40 (52% above fair value)
Industry Position: 94.6% above the Telecommunication Services median (#19 of 229)
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 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
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